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How much profit can make if buy or sell one aud

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Reference no: EM132932237

Bank A quotes me the following prices (Bank buys left hand side and sells right hand side):

1 USD = 108.00 -108.10 JPY

1 USD = 4.1100 - 4.1110 MYR

1 EUR = 1.1200 -1.1210 USD

1 AUD = 0.7000 - 0.7010 USD

Problem 1. Using Bank A's prices what price do buy 1 AUD sell JPY

(a) 75.6000

(b) 75.7781

(c) 75.6700

(d) 75.7080

(e) None of the above

Problem 2. Using Bank A's prices what price do buy 1 EUR sell MYR

(a) 4.603200

(b) 4.608431

(c) 4.604320

(d) 4.607310

(e) None of the above

Problem 3. Using Bank A's prices if sell 1,000,000 JPY, how much USD would receive?

(a) USD 9,425.07

(b) USD 9,259.26

(c) USD 9,254.97

(d) USD 9,365.42

(e) None of the above

Problem 4. Bank B quotes me 1 AUD = 75.2500 -75.3500 JPY. How much profit can make if buy or sell 1 AUD with Bank B and Bank A?

(a) 0.2500

(b) 0.3500

(c) 0.2200

(d) cannot make a profit

(e) make a profit but none of the above

Reference no: EM132932237

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