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If you have 20000 to trade a foreign currency such as the

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If you have $20,000 to trade a foreign currency such as the pound, which assume it is currently trading for $1.35 per pound, what would be the maximum amount of pound your will buy based on margin? Hint: Currently the spot currency margin is 3%.

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Finance Basics: If you have 20000 to trade a foreign currency such as the

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Finance Basics: If you have 20000 to trade a foreign currency such as the

Reference No:- TGS02703766

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