Question
7. Identify the one true statement about spot exchange rates: (a) As a bank customer, the bid quote is normally larger than the ask quote
7. Identify the one true statement about spot exchange rates:
(a) As a bank customer, the bid quote is normally larger than the ask quote
(b) We define exchange rates as foreign currency (FC), against home currency (HC), that is FC/HC
(c) The liquidity of currencies in the spot market depends on maturity (d) Market maker banks must provide a two-way (bid/ask) quote, even without knowing counterpartys intention
(e) None of the above
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Modern Project Finance A Casebook
Authors: Benjamin C. Esty
1st Edition
0471434256, 978-0471434252
