Question

1. A commercial bank quotes a bid rate of $.784 for the Swiss franc and an
ask rate of $.80. What is the bid/ask percentage spread?

Answer 1

Explanation:

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Priority Encoder. Unlike a multiplexer that selects one individual data input line and then sends that data to a single output line or switch, Digital Encoder more commonly called a Binary Encoder takes ALL its data inputs one at a time and then converts them into a single encoded output