The Fourth Decimal Place in a Dealer's Quote in the Trade

question 28

Multiple Choice

The fourth decimal place in a dealer's quote in the trade jargon is known as the

• A) pip.
• B) round trip.
• C) spread.
• D) haircut.

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Definitions:

Convicted

Found guilty of a criminal offense by a court of law.

Arrested

The act of detaining a person, typically by legal authority, on suspicion of them having committed a criminal offense.

Crime

An act or omission in violation of a law prohibiting it and for which a punishment is imposed upon conviction.

Statutory Rape

is a criminal offense involving sexual activity with a person who is below the legal age of consent, as defined by statute.