Bid price is the price at which a bank is ready to buy a foreign currency and ask price is the price at which a bank is ready to sell a foreign currency.

Name: Bid price is the price at which a bank is ready to buy a foreign currency and ask price is the price at which a bank is ready to sell a foreign currency.
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Question

Quizplus · Accepted Answer

This is correct. The bid price is the price a bank is willing to pay (buy) a foreign currency, while the ask price is the price the bank is willing to receive (sell) a foreign currency.

Bid Price Is the Price at Which a Bank Is