The Difference Between the Bid and the Ask Price Is

question 42

Multiple Choice

The difference between the bid and the ask price is known as the:

• A) commission.
• B) premium.
• C) quote.
• D) spread.

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Definitions:

Third-Party Check

A check that is written by one person or entity to another but is then given to a third party to be cashed or deposited.

Unknown Party

An individual or entity whose identity is not known or cannot be confirmed.

Written Contracts

Legally binding agreements captured in writing that specify the duties, rights, and obligations of each party.

Date Due

The specified day by which an obligation must be fulfilled or a payment must be made.