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

Practice Next

More Foreign Exchange Questions

Spirit in contact with body gives cool sensation because it is:
The gas that usually causes explosions in coal mines is
KMN04 can be used as a/an
The electronic configuration of an atom having atomic number 20 is
“Firefighting clothes” are made from
When Hydrogen starts burning in air it produces?
Mercury is a :
Which one of the following is an example of a gel?
Alcoholic (OH) group can be identified by
Urea is a —

In the forex market, the 'bid rate' refers

Solution