When receiving quotations on a currency's exchange rate, the bank's bid quote is the rate at which the bank is willing to sell currency.

Name: When receiving quotations on a currency's exchange rate, the bank's bid quote is the rate at which the bank is willing to sell currency.
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The bank's bid quote is the rate at which the bank is willing to BUY currency, not sell currency. The ask quote is the rate at which the bank is willing to sell currency.

When Receiving Quotations on a Currency's Exchange Rate, the Bank's