In Conversation,interbank Foreign Exchange Traders Use a Shorthand Abbreviation in Expressing

question 83

Multiple Choice

In conversation,interbank foreign exchange traders use a shorthand abbreviation in expressing spot currency quotations.Consider a $/£ bid-ask quote of $1.2519-$1.2523.The currency dealer would likely quote that as ________.

• A)19-23
• B)23-19
• C)4 points
• D)none of the options

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Definitions:

Toxic Effect

Harmful physiological effects caused by exposure to toxic substances or chemicals.

Controlled Substances

Drugs or chemicals whose manufacture, possession, and use are regulated by the government due to their potential for abuse or addiction.

Unused Quantities

Items or substances not yet utilized or consumed.

Esophageal Stricture

The narrowing of the esophagus, which can cause difficulty in swallowing, often resulting from inflammation or scarring.