Which of the Following Is True of the Bid Rate

question 12

Multiple Choice

Which of the following is true of the bid rate in foreign exchange markets? 

• A) It is always higher than the offer rate. 
• B) It is always lower than the offer rate. 
• C) It is always equal to the offer rate. 
• D) It does not affect the spread of the exchange.

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Definitions:

Cultural Norms

Shared expectations and rules that guide behavior of people within social groups, often passed through generations and influencing social conformity.

Structuralism

An early school of psychology that analyzed the basic elements of thoughts and sensations to understand the structure of the mind.

Conscious Experience

The awareness of internal and external stimuli, encompassing thoughts, feelings, and perceptions.

Introspection

The examination or observation of one's own mental and emotional processes.