In the foreign-exchange market, the bid is the rate at which ________.
A)the trader is willing to sell foreign exchange
B)the buyer is willing to swap foreign exchange
C)the trader is willing to buy foreign exchange
D)the trader earns a profit

Question

Quizplus · Accepted Answer

The bid is the rate at which the trader is willing to buy foreign exchange. This means that the trader is willing to purchase a currency from a buyer at the bid price. The opposite of the bid price is the ask price, which is the rate at which the trader is willing to sell foreign exchange.

In the Foreign-Exchange Market, the Bid Is the Rate at Which