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    International Economics Study Set 12
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    Exam 11: Foreign Exchange
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    The Bid Rate Refers to the Price at Which a Bank
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The Bid Rate Refers to the Price at Which a Bank

Question 183

Question 183

True/False

The bid rate refers to the price at which a bank is willing to sell a unit of foreign currency; the offer rate is the price at which a bank is willing to buy a unit of foreign currency.

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