- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 7. Capital Flows and the FX Market
- Subject 1. The Foreign Exchange Market
CFA Practice Question
The ______ is the exchange rate at which the dealer is willing to buy a currency.
A. offer price
B. bid price
C. ask price
Explanation: The bid price is the price at which a foreign exchange dealer is willing to buy a currency; it is almost always true that the bid price will differ from the ask price, which is the price that the dealer is willing to sell the currency for.
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