Which of the Following Is the Price at Which the Trader

question 18

Multiple Choice

Which of the following is the price at which the trader is willing to sell foreign currency?

• A)offer
• B)bid
• C)spread
• D)cross rate

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Definitions:

Modernization

The process through which societies experience industrialization, urbanization, and cultural and technological innovations, impacting social and economic structures.

Fossil Fuels

Natural fuels such as coal, oil, and natural gas, formed from the ancient remains of organisms and typically used for energy.

Renewable Resource

Natural resources that can be replenished naturally with the passage of time, such as sunlight, wind, and biomass.

Migration Rates

The numerical measurement of the movement of people from one region or country to another, often quantified as the number of individuals per thousand or hundred thousand.