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A Rule for Working Out a Bid-Ask Cross Rate for Direct

question 8

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A rule for working out a bid-ask cross rate for direct and indirect FX quotations is to multiply the two bid rates and multiply the two ask rates.


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Federal Law

Federal law refers to the body of law created by the national government of a country, applicable throughout its territory.

Disparate Treatment

A form of intentional discrimination in which an employee is hired, fired, denied a promotion, or the like, on the basis of membership in a protected class.

Intentional Discrimination

Discriminatory actions taken with deliberateness and awareness towards an individual or group based on certain characteristics.

Disparate Impact

A form of discrimination that arises when an employer’s policy or practice appears to apply to everyone equally but its actual effect is that it disproportionately limits employment opportunities for a protected class.

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