In the Interbank Market for Foreign Exchange,the ____ Refers to the Price

question 146

Multiple Choice

In the interbank market for foreign exchange,the ____ refers to the price for which a bank is willing to sell a unit of foreign currency.

• A) Offer rate
• B) Option rate
• C) Futures rate
• D) Bid rate

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Definitions:

Yachts

Luxury vessels used for private cruising, racing, or other recreational sailing activities.

Correlation

A statistical measure that expresses the extent to which two variables change together.

Ford Escorts

A compact car manufactured by Ford Motor Company, known for its affordability and reliability, produced in various models from the late 1960s to the early 2000s.

Variation

Refers to the measure of how much individual data points in a statistical set differ from the average or mean value.