Multiple Choice
________ make money on currency exchanges by the difference between the ________ price, or the price they offer to pay, and the ________ price, or the price at which they offer to sell the currency.
A) Dealers; ask; bid
B) Dealers; bid; ask
C) Brokers; ask; bid
D) Brokers; bid; ask
Correct Answer:
Verified
Correct Answer:
Verified
Q2: As you might expect, the foreign exchange
Q3: A contract to deliver dollars for euros
Q4: Foreign exchange _ earn a profit by
Q5: The low level of interest rates around
Q6: If the direct quote for a U.S.
Q8: Since in the U.S. the home currency
Q9: The greatest amount of foreign exchange trading
Q10: While trading in foreign exchange takes place
Q11: The most commonly quoted currency exchange is
Q12: Most transactions in the interbank foreign exchange