Foreign currency quotes typically use _____________ decimal places,and for major currencies,the bid and ask quotes _________________.

Question

Quizplus · Accepted Answer

Foreign currency quotes typically use four decimal places, and for major currencies, it is common that only the fourth decimal place will differ between the bid and ask quotes. This smallest increment change is often referred to as a "pip."

Foreign Currency Quotes Typically Use _____________ Decimal Places,and for Major