When banks transact in foreign currencies, the direct bid quote is greater than the direct asked quote.
Correct Answer:
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Q49: The forward rate is the same as
Q50: The major advantage of the forward market
Q51: The difference between the asked price and
Q52: The foreign exchange market provides a physical
Q53: Transactions carried out in the foreign exchange
Q55: The efficiency of foreign currency markets is
Q56: A direct quote in Bombay tells one
Q57: Spot transactions are made immediately in the
Q58: Foreign exchange transactions carried out in the
Q59: The bid rate (also called the offer
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