Why should I choose AnalystNotes?
Simply put: AnalystNotes offers the best value and the best product available to help you pass your exams.
Basic Question 11 of 19
The ______ is the difference between bid and ask rates for a currency and relies on market conditions for that specific currency.
B. cross rate
C. spot rate
A. bid-ask spread
B. cross rate
C. spot rate
User Contributed Comments 1
| User | Comment |
|---|---|
| khalifa92 | 0 computation examples? |
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.