
- UID
- 223336
- 帖子
- 209
- 主题
- 36
- 注册时间
- 2011-7-11
- 最后登录
- 2013-8-17
|
Ohai-
YOU are the “very confused indivudual”
The offer price is always higher than the bid price. The bid–offer spread—the difference between the offer price and the bid price—is the compensation that counterparties seek for providing foreign exchange to other market participants.
(Institute 486)
Institute, CFA. Level II 2013 Volume 1 Ethical and Professional Standards, Quantitative Methods, and Economics. John Wiley & Sons (P&T), 7/9/2012. <9781937537272
’’ |
|