Determine how much money would you lose

Reference no: EM131935828

Question: Assume that a bank's bid rate on Japanese yen is $.0052 and its ask rate is $.0056. Using the bid/ask rate compute the bid/ask spread percentage. If you converted a $1000 to Japanese yen and back to dollars again how much money would you lose? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131935828

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