The "Spread" Is a Bank's Profit Margin on Foreign Exchange

question 99

True/False

The "spread" is a bank's profit margin on foreign exchange trading and equals the difference between the bid rate and the offer rate.

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Definitions:

Robert Zajonc

A psychologist known for his theories on the interplay between emotions and cognitive processes.

Joseph LeDoux

An American neuroscientist known for his research on survival circuits, including mechanisms of fear and anxiety in the brain.

High Road

In decision making, taking the high road is a figurative expression that means choosing the most ethical option or the path that maintains moral integrity.

Thalamus

A brain structure that acts as a relay station, processing and transmitting information between different parts of the brain.