Question

What is the Offer (Ask) in the context of Foreign Exchange Quotes?

a.

The rate at which a dealer is willing to buy another currency

b.

The rate at which a dealer is willing to sell another currency

c.

The rate at which two foreign currencies are exchanged

d.

The rate at which two domestic currencies are exchanged

Answer: (b).The rate at which a dealer is willing to sell another currency Explanation:The offer is the rate at which the dealer is willing to sell another currency in foreign exchange quotes.

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Q. What is the Offer (Ask) in the context of Foreign Exchange Quotes?

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