Banks trading foreign exchange rates earn revenues from the spread which is:
A) The difference between the spot rate and the forward rate
B) The difference between the spot rate and the bid rate
C) The difference between the offer rate and the forward rate
D) The difference between the offer rate and the bid rate
Correct Answer:
Verified
Q2: Counter party risk decreases when engaging in
Q3: If a country has a 'balance of
Q4: Which of the following activities would reduce
Q4: Which transactions are recorded in the balance
Q5: When Toyota decided to set up a
Q6: A crawling band is a currency arrangement
Q8: Citizens of Poland were wise to take
Q9: The gold standard in operation between 1870
Q10: Under fixed exchange rates, investors do not
Q11: The hypothesis that in the long run
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents