CFA Practice Question

There are 341 practice questions for this study session.

CFA Practice Question

The ______ between the bid and ask prices is ______.

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
Correct Answer: A

The spread, the difference between the bid and ask price for currencies, is a form of remuneration for the dealer who makes a firm quotation without knowing whether the customer wants to buy or sell.

User Contributed Comments 0

You need to log in first to add your comment.