The difference between the asked price and the bid price is known as the spread.
Correct Answer:
Verified
Q46: Spot exchange markets are efficient due to
Q47: The asked rate is the price a
Q48: Arbitrage is the process of buying and
Q49: The forward rate is the same as
Q50: The major advantage of the forward market
Q52: The foreign exchange market provides a physical
Q53: Transactions carried out in the foreign exchange
Q54: When banks transact in foreign currencies, the
Q55: The efficiency of foreign currency markets is
Q56: A direct quote in Bombay tells one
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