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mixer [17]
2 years ago
5

The foreign exchange department of Bank of America has a bid quote on Canadian dollars (C$) of C$1.1448/$. If the bank typically

tries to make a bid-ask spread of 0.5 percent on these foreign exchange transactions, what will the ask rate have to be? (Round answer to 2 decimal places, e.g. 52.75.)
Business
1 answer:
stealth61 [152]2 years ago
6 0

Based on the bid quote given on the Canadian dollar, and the bid-ask spread, the ask rate would be $1.15.

<h3>What is the ask rate?</h3>

When given the bid-ask spread and the bid quote, the ask rate is:

= Bid quote x ( 1 + bid-ask spread)

Solving gives:

= 1.1448 x (1 + 0.5%)

= 1.1448 x 1.005

= 1.150524

= $1.15 2 d.p.

Find out more on the ask rate at brainly.com/question/13185509.

#SPJ1

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Answer:

B. Jack, who was fired for being tardy for work too often.

Explanation:

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From the Question, Individual from answer A, C and D did not lost their job but rather resign intentionally, they are not qualify to have access to Unemployment compensation, although another class of compensation may be arrange to cater for their joblessness by the state.

5 0
3 years ago
What is the reflection x-axis or y-axis...W(-7,-4)---W'(7,-4)♥️
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W(-7,-4) indicates the reflection across y=x. (x,y) transformed to (y,x). w(-7,-4) =w(7,4).

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Explanation:

The rules for reflecting over the X axis is to negotiate the value of the y coordinate of each point and x is same.

After reflection the coordinates of the figure can be determined. If you reflect over the x-axis, then keep the x-coordinate and take the opposite of  y- coordinate. If you reflect over y-axis, then take the opposite of x- coordinate and keep y- coordinate.

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