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4.1) Which four statement/statements on exchange rate quotations are correct? A Currencies are traded with two prices (bid and ask price). Banks acquire base currency

4.1) Which four statement/statements on exchange rate quotations are correct? A Currencies are traded with two prices (bid and ask price). Banks acquire base currency at the lower rate. B When converting a quote from the direct into the indirect quote, the inverse of the bid quote gives you the ask quote in the indirect quote. C The swap rate of currencies is much less volatile than the spot rate since it is determined by inter-est rate differentials. D In the EUR/USD exchange rate the base currency is the EUR and 1 EUR converts into x USD. E The difference between spot rate and forward rate is referred to as the time value. F Forward rates are mostly determined by market expectations.

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