Abstract
In previous chapters, whenever an example has been given, just one rate of exchange has been mentioned. In practice, whenever a dealer is requested for a quotation, two prices will be provided. The first price is the one at which he will buy a currency and the second is the price at which he will sell a currency. For example:
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© 1979 Nigel R.L. Hudson
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Hudson, N.R.L. (1979). Practice of the Dealing Function. In: Money and Exchange Dealing in International Banking. International Banking Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-04466-5_5
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DOI: https://doi.org/10.1007/978-1-349-04466-5_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-04468-9
Online ISBN: 978-1-349-04466-5
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