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Basic Question 3 of 19
The ______ between the bid and ask prices is ______.
B. points; dependent on the currency traded
C. difference; fixed by the country market for currency exchange
A. spread; a form of remuneration for the dealer
B. points; dependent on the currency traded
C. difference; fixed by the country market for currency exchange
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I used your notes and passed ... highly recommended!
Lauren
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.