Which price could it buy euros using dollars

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Reference no: EM131014876

The spreads on closing currency quotations for January 14, 2010 were

1.0909 - 1.0912 $/euro

1.0057 - 1.0059 Swiss francs/$

Assuming a bank could transact these, at which price could it buy euros using dollars? How many dollars could it get for 1 million Swiss francs?

Reference no: EM131014876

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