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Chapter 207 Exchange 500 million US dollars
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... ifferent.
Most of the foreign exchange market is composed of commercial banks. They give inquiries and prices by telephone, and generally only report three to four digits after the decimal point. However, when the Mexican market is linked to the US dollar, no more than 4 digits are given. % fluctuation space, so three to five digits after the decimal point should be mentioned when quoting.
For example, if an institution that sells U.S. dollars calls to ask for a quotation, the co ...
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