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Basic Question 2 of 19
For most currencies, spreads are tightest:
B. from 2pm to 5pm New York time.
C. from 7pm to 11pm New York time (The Asian session in Tokyo, Singapore and Hong Kong starts from 7pm New York time.
A. from 8am to 11am New York time.
B. from 2pm to 5pm New York time.
C. from 7pm to 11pm New York time (The Asian session in Tokyo, Singapore and Hong Kong starts from 7pm New York time.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
calculate and interpret the bid-ask spread on a spot or forward foreign currency quotation and describe the factors that affect the bid-offer spread;
identify a triangular arbitrage opportunity and calculate its profit, given the bid-offer quotations for three currencies;
CFA® 2025 Level II Curriculum, Volume 1, Module 8.