What Does the Term "Mine" Mean When Given in Response

question 184

Multiple Choice

What does the term "mine" mean when given in response to an FX spot quotation?

• A) I buy the base currency at the bid rate.
• B) I buy the base currency at the offer rate.
• C) I buy the counter-currency at the offer rate.
• D) I sell you the base currency at the bid rate,

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Definitions:

Cost Center

A business unit or department that incurs expenses but does not directly generate revenues, typically evaluated on its cost efficiency.

Monitoring

The process of systematically checking or tracking activities or performance for compliance with expected standards.

Firm's Attention

The focus or priority that a company dedicates to a particular project, issue, or aspect of its operations.

Profit Centers

Divisions or branches of a business that are treated as separate entities for profit calculation and management purposes.