The Difference Between Bid and Ask Prices of a Currency,or

question 33

Multiple Choice

The difference between bid and ask prices of a currency,or the fee earned by the bank is called the _____.

• A) exchange rate
• B) bid-ask spread
• C) forward rate
• D) premium
• E) hedge

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Definitions:

Vertical Restraint

Restrictions in agreements between firms at different levels in the production or distribution chain, often related to conditions of sale or purchase prices.

Per Se Illegal

Actions or practices that are automatically considered illegal without the need for further examination of their effects on competition.

Treble Damages

A legal remedy that allows for triple the amount of actual damages to be awarded to a plaintiff in certain cases, often involving willful violations of the law.

Antitrust Suit

Legal actions taken against individuals or organizations to prevent unfair competition, monopoly practices, and to promote market fairness and consumer welfare.