What is the name of the rate currency traders quote in the interbank market to sell foreign currencies?

Question

Quizplus · Accepted Answer

The rate currency traders quote in the interbank market to sell foreign currencies is called the ask rate. The bid rate is the rate at which traders are willing to buy a currency, the bid-ask spread is the difference between the bid and ask rate, and the cross rate is the exchange rate between two currencies that are not the domestic currency of an exchange in which they are quoted.

What Is the Name of the Rate Currency Traders Quote