You've obtained quotes for Malaysian ringgit: $0.2300/RM and $0.2330RM. Which one of the following is correct?...

You've obtained quotes for Malaysian ringgit: $0.2300/RM and $0.2330RM. Which one of the following is correct?

The indirect bid rate of ringgit is RM4.3478/$

The indirect bid rate of ringgit is RM4.2918/$

The indirect bid rate of ringgit is $0.2330/RM

The indirect bid rate of ringgit is $0.2300/RM

Expert Solution

jeff jeffy answered 4 months ago

Assume the following information: Chase Wells Fargo Bid price of Malaysian ringgit MYR 4.5 / $...

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