Multiple Choice
If the bid rate is given as $1.270293/€ and the offer rate is $1.270294/€, then which of the following statements is correct?
A) A person who wishes to buy euros for dollars will receive a rate of $1.270293/€.
B) A person who wishes to sell dollars for euros will receive a rate of $1.270293/€.
C) A person who wishes to sell euros for dollars will receive a rate of $1.270294/€.
D) A person who wishes to buy dollars for euros will receive a rate of $1.270293/€.
E) All of the statements above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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