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A Bid Is the Price in One Currency at Which

question 61

Essay

A bid is the price in one currency at which a dealer will buy another currency. An ask is the price at which a dealer will sell the other currency. Dealers bid (buy) at one price and ask (sell) at a slightly higher price, making their profit from the spread between the prices. List and explain three reasons/factors that could make the spread small.


Definitions:

Implements

A keyword in many programming languages used to specify that a class is going to use the interface(s) declared methods.

CompareTo

A method typically defined in an object to compare itself with another object of the same type, often used for sorting.

Calling Object

The object on which a method is invoked. In object-oriented programming, methods are called on objects to perform actions or access values.

Clone Method

A method that creates and returns a copy of an object, often used to duplicate instances with the same properties.

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