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Basic Question 17 of 19
Currency quotations are given in pairs. The first number in the pair is the ______ and the second is the ______.
B. spot; distant
C. bid rate; ask rate
D. sell rate; buy rate
E. domestic rate; foreign rate
A. ask rate; bid rate
B. spot; distant
C. bid rate; ask rate
D. sell rate; buy rate
E. domestic rate; foreign rate
User Contributed Comments 1
| User | Comment |
|---|---|
| ankurwa10 | One can remember it as buyers & sellers; therefore bid:ask |
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.