The Difference Between Bid and Ask Prices of a Currency,or

question 33

Multiple Choice

The difference between bid and ask prices of a currency,or the fee earned by the bank is called the _____.

• A) exchange rate
• B) bid-ask spread
• C) forward rate
• D) premium
• E) hedge

Learn about certification options for case managers and the organizations that offer them.

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Recognize the roles and responsibilities of nurses in various health care settings.

Identify strategies for meeting public health goals.

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Definitions:

Opportunity Cost

represents the value of the next best alternative that is forfeited when a decision is made to pursue a particular course of action.

Portugal

Portugal is a southern European country on the Iberian Peninsula, known for its long history, cultural heritage, and significant contributions to world exploration.

Wine

An alcoholic beverage made by fermenting grapes or other fruits, with a rich history and variety across cultures.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing between multiple options.