Top Posters
Since Sunday
G
4
K
3
m
2
c
2
r
2
p
2
s
2
s
2
b
2
c
2
R
2
c
2
Home Q & A Board Other Fields Homework Help Business
New Topic  
papahomer papahomer
wrote...
Go to Answer
Posts: 484
Rep: 0 0
7 years ago
A foreign exchange dealer in New York posts an ask price of .01468 for Indian rupees and a bid price of .01470. What is the dealer's profit on the simultaneous purchase and sale of 1 million rupees?
A) $20 profit
B) ($20 )loss
C) $200 profit
D) ($2) loss
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
Read 80 times
1 Reply
Replies
Answer verified by a subject expert
vanrheevanrhee
wrote...
#1
Top Poster
Posts: 718
Rep: 39 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

papahomer Author
wrote...

7 years ago
Correct Slight Smile TY
jasonbourne
wrote...

Yesterday
Smart ... Thanks!
choih94
wrote...

2 hours ago
Helped a lot
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1043 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1151
  
 314
  
 310
Your Opinion
Who's your favorite biologist?
Votes: 587
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?