Bid-Ask Spread: a Foreign Exchange Dealer Is Willing to Buy

question 23

Multiple Choice

Bid-ask spread: A foreign exchange dealer is willing to buy the New Zealand dollar (NZ$) at $0.7621/NZ$ and will sell it at a rate of $0.7714/NZ$. What is the bid-ask spread on the Danish krone?

• A) 0.2%
• B) 2.1%
• C) 0.9%
• D) 1.2%

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