When Banks Transact in Foreign Currencies, the Direct Bid Quote

question 65

True/False

When banks transact in foreign currencies, the direct bid quote is greater than the direct asked quote.

---

Definitions:

Proerythroblast

Cell that matures into an erythrocyte.

Platelet Release Reaction

The process by which platelets release chemical compounds to promote blood clotting and attract more platelets to the site of an injury.

ADP

Adenosine diphosphate, a molecule involved in energy transfer within cells, that is converted to ATP during cellular respiration.

Thromboxanes

Lipid compounds that play a role in the blood clotting process by causing platelets to clump and blood vessels to constrict.