Answer-In the forex market, the 'bid rate' refers to:

The bid rate is the price at which a dealer like a bank is willing to buy a currency. The ask or offer rate is the price at which they are willing to sell it.

Question

In the forex market, the 'bid rate' refers

to:

A The rate at which the bank buys a currency

B The rate at which the bank sells a currency

C The average of buying and selling rates

D The rate set by the central bank

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In the forex market, the 'bid rate' refers

Solution