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:

Common Law

A body of unwritten laws based on legal precedents established by the courts, influencing and governing the decision-making process in novel cases.

Legislative Provisions

Specific clauses or sections within a piece of legislation that detail particular rules, requirements, or conditions.

Strictly Liable

A legal principle where a party is held responsible for damages or loss without needing to prove negligence or fault.

Reasonable Force

Reasonable force refers to the minimum amount of force necessary to protect oneself, others, or property, without going beyond what is considered legally and morally acceptable.