________ Make Money on Currency Exchanges by the Difference Between

question 7

Multiple Choice

________ make money on currency exchanges by the difference between the ________ price, or the price they offer to pay, and the ________ price, or the price at which they offer to sell the currency.

• A) Dealers; ask; bid
• B) Dealers; bid; ask
• C) Brokers; ask; bid
• D) Brokers; bid; ask

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Definitions:

Budget Constraint

The limitations on the household's or entity's ability to purchase goods and services, based on their income and prices.

Good X

A placeholder term often used in economics to represent a generic good or product in theoretical models.

Good Y

An alternative characterization of a product or commodity that satisfies consumer needs or desires, often used in comparative analyses.

Budget Constraint

The limitations on household expenditures, based on the combination of income, prices, and available goods or services.