You are at the airport and you see the following quotation at the money exchange both between the US dollars and the Mexican Peso: Ps20.00/$ and Ps 20.50/$
You are at the airport and you see the following quotation at the money exchange both between the US dollars and the Mexican Peso: Ps20.00/$ and Ps 20.50/$
Which statement is correct?
The ask Rate-20.00
All of the above are correct
The bid rate =20.50
The mid rate=20.25
SAMPLE ASSIGNMENT
