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Basic Question 9 of 12
Currency quotations are given in pairs. The first number in the pair is the ______ and the second is the ______.
B. spot rate; forward rate
C. bid rate; ask rate
A. ask rate; bid rate
B. spot rate; forward rate
C. bid rate; ask rate
User Contributed Comments 1
| User | Comment |
|---|---|
| ankurwa10 | One can remember it as buyers & sellers; therefore bid:ask |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe the foreign exchange market, including its functions and participants, distinguish between nominal and real exchange rates, and calculate and interpret the percentage change in a currency relative to another currency
CFA® 2025 Level I Curriculum, Volume 1, Module 7.