If Broker Will Buy a Share of Stock from You

question 59

True/False

If broker will buy a share of stock from you at $3.85 and sell it to you at $3.87, the ask price would be $3.85.

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much one currency can buy of another.

Japanese Yen

The official currency of Japan, used as a medium of exchange and store of value.

Swedish Krona

The official currency of Sweden, abbreviated as SEK, used for all financial transactions within the country.

Exchange Rate

The amount one currency is worth in the units of another currency.