FIN 535 WEEK 2 HOMEWORK ASSIGNMENT riefly explain how changes in various economic factors affect the U.S. current account balance. Explain why U.S. tariffs will not necessarily reduce a U.S. balance-of-trade deficit. Stetson Bank quotes a bid rate of $.784 for the Australian dollar and an ask rate of $.80. What is the bid/ask percentage spread? . Fullerton Bank quotes an ask rate of $.190 for the Peruvian currency (new sol) and a bid rate of $.188. Determine the bid/ask percentage spread?
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