In the interbank market for foreign exchange, the ____ refers to the price for which a bank is willing to sell a unit of foreign currency.

Question

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The offer rate is the price for which a bank is willing to sell a unit of foreign currency in the interbank market for foreign exchange. The bid rate is the price for which a bank is willing to buy a unit of foreign currency. The option rate is the rate at which an option can be exercised. The futures rate is the price at which a futures contract can be bought or sold.

In the Interbank Market for Foreign Exchange, the ____ Refers