A forex dealer quotes a price of $1.340 $1.345 = £1. In this quote, the lower price denotes which one of the following? a. The lower rate 1.340 is the rate at which the dealer will sell £ b. The lower rate 1.340 is the rate at which the dealer will buy and sell $ c. The lower rate 1.340 is the rate at which the dealer will buy £ d. None of the options
A forex dealer quotes a price of $1.340 $1.345 = £1. In this quote, the lower price denotes which one of the following? a. The lower rate 1.340 is the rate at which the dealer will sell £ b. The lower rate 1.340 is the rate at which the dealer will buy and sell $ c. The lower rate 1.340 is the rate at which the dealer will buy £ d. None of the options
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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20-A forex dealer quotes a price of $1.340 $1.345 = £1. In this quote, the lower price denotes which one of the following?
a. The lower rate 1.340 is the rate at which the dealer will sell £
b. The lower rate 1.340 is the rate at which the dealer will buy and sell $
c. The lower rate 1.340 is the rate at which the dealer will buy £
d. None of the options
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