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Basic Question 8 of 12
The ______ is the price at which a currency dealer is willing to sell a currency.
B. offer or bid price
C. offer or ask price
A. ask or bid price
B. offer or bid price
C. offer or ask price
User Contributed Comments 4
| User | Comment |
|---|---|
| Inaganti6 | hypocrisy is the nature of free enterprise ... to sell something more than you buy the cost of produce for .. |
| kseeba17 | lol ^ OK Karl |
| davidt876 | not if the cost of producing the currency for you to buy/sell includes registering a company, dealing with the necessary regulatory costs of trading currencies, paying traders and overheads, and paying the custodians of the financial instruments/cash or spending money to do it yourself. then the spread is justified. then free enterprise is working ignanti. also the use of the spread over a fixed transaction fee means their commission naturally adjusts to market demand to give you a competitively fair price down to the very moment (tick) when you push a button and trade a currency. the FX markets has a few problems but exemplifying the hypocrisy of free enterprise is not one of them. |
| CFAJ | the next marxist revolution has begun, here in the comments section of the fabled "analystnotes" |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe the foreign exchange market, including its functions and participants, distinguish between nominal and real exchange rates, and calculate and interpret the percentage change in a currency relative to another currency
CFA® 2024 Level I Curriculum, Volume 1, Module 7.