At any given point in time, a bank's bid quote will be greater than its ask quote.

Name: At any given point in time, a bank's bid quote will be greater than its ask quote.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is false. A bank's bid quote represents the price that it is willing to buy a security or currency, while its ask quote represents the price that it is willing to sell the same security or currency. Therefore, the bid quote will typically be lower than the ask quote.

At Any Given Point in Time, a Bank's Bid Quote