The price at which an individual is willing to sell a security is called the
A)set price.
B)bid price.
C)ask on offer price.
D)take price.
E)none of the above.

Question

Quizplus · Accepted Answer

The price at which an individual is willing to sell a security is called the "ask on offer price" or "ask price". This is the price quoted by sellers when they are willing to sell a security. Option A, "set price," is not a commonly used term in finance. Option B, "bid price," is the price at which a buyer is willing to purchase a security. Option D, "take price," is not commonly used in finance and can be confusing as it could be interpreted as the price at which an investor is willing to take a loss. Therefore, option C, "ask on offer price," is the correct answer.

The Price at Which an Individual Is Willing to Sell