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9. Identify the one true statement about the bid-ask quotes: (a) The bid-ask spread increases with market liquidity (b) When dealing with a bank you

9. Identify the one true statement about the bid-ask quotes: (a) The bid-ask spread increases with market liquidity (b) When dealing with a bank you buy at the bid and sell at the ask (c) The positive bid-ask spread makes arbitrage across markets easier (d) You lend money to the bank at the ask interest rate (e) None of the above

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