A Foreign Exchange Dealer in Tokyo Posts an Ask Price

question 107

Multiple Choice

A foreign exchange dealer in Tokyo posts an ask price of 95.51 yen for AUD and a bid price of 95.48 yen.What is the dealer's profit on the simultaneous purchase and sale of AUD1 million?

• A)(¥30)loss
• B)¥30 profit
• C)(¥30,000)loss
• D)¥30,000 profit

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Definitions:

Stringent Gatekeeping

The strict and rigorous control or limitation of access to something, often applied to information or resources.

Collaboration Purposes

The goals or objectives that drive the effort of working together in a joint intellectual endeavor.

High Uncertainty

A situation or condition where there is a lack of predictability or knowledge about future outcomes or events.

Devil's Advocate

A person who expresses a contentious opinion in order to provoke debate or test the strength of the opposing arguments.