Suppose you want to convert your dollars into Euros. You call Bank of America to inquire about
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Question:
Suppose you want to convert your dollars into Euros. You call Bank of America to inquire about today's rate of exchange between the two currencies. An important fact about the bid quotes and offer quotes they give you is this: If the bid quote is ---------- than the offer quote, Bank of America will ---------- money when it converts currencies for its customers.
Group of answer choices
a. Lower make money.
b. Higher make money.
c. Lower lose money.
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