The offer rate
A) Is the price at which the bank is willing to sell a unit of foreign currency
B) Is the price that the bank is willing to pay for a unit of foreign currency
C) Is synonymous with the spread rate
D) None of the above
Correct Answer:
Verified
Q69: When the dollar gets stronger
A) U.S.firms become
Q73: If a Citibank dealer expects the Swiss
Q74: Table 11.4.Forward Exchange Rates Q75: If Citibank quoted bid and offer rates Q76: If Chase Manhattan Bank quotes bid and Q143: Most foreign exchange transactions are conducted between Q150: Similar to stock and commodity exchanges, the Q151: The "spread" is a bank's profit margin Q154: A person needing foreign exchange immediately would Q158: Foreign-exchange brokers help commercial banks carry out
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