The bid-ask spread in the foreign exchange market is the ________.

Question

Quizplus · Accepted Answer

Bid-ask spread is the difference between the price that the seller is willing to receive (ask price) and the price the buyer is willing to pay (bid price) for a currency in the foreign exchange market. Therefore, option C is correct. Options A and D are incorrect, as they refer to buying and selling prices specifically for banks rather than the overall market. Option B is incorrect, as it is not specific to the bid-ask spread, but rather refers to the price of currency in general.

The Bid-Ask Spread in the Foreign Exchange Market Is the ________