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Basic Question 9 of 12
Currency quotations are given in pairs. The first number in the pair is the ______ and the second is the ______.
B. spot rate; forward rate
C. bid rate; ask rate
A. ask rate; bid rate
B. spot rate; forward rate
C. bid rate; ask rate
User Contributed Comments 1
| User | Comment |
|---|---|
| ankurwa10 | One can remember it as buyers & sellers; therefore bid:ask |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
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.