jonj9174 jonj9174

10-01-2024
Business

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Suppose the following represent a dealer's bid-ask quotes on exchanges between the US dollar (USD) and the Turkish lira (currency code: TRY).
Quote A: 5.82 TRY / USD
Quote B: 5.96 TRY/ USD
What would the dealer pay you if you sold him 2 million Turkish lira? If applicable, round your answer to the nearest hundred.

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