Banks buy low and sell high. When adjusting a Spot Bid-Offer rate (e.g., 1.2180/90) with a premium (e.g., 15/18), how are the premium points applied to the Bid and Offer respectively?
This capsule covers Accounting & Financial Management for Bankers, Financial Mathematics - Forex Arithmetic. Members get the complete explanation plus every other premium capsule, mock test and PDF.
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