Q6. Which of the following statements about foreign currency bid-ask spreads is least accurate? Foreign currency bid-ask spreads: A) are not directly affected by bank and currency dealer positions. B) are a function of transaction volume and volatility. C) decrease as the size of the transaction decreases.
Q7. The percentage spread between foreign currency quotations is equal to the: A) ask price minus the bid price divided by the ask price multiplied by 100. B) ask price minus the bid price divided by the bid price multiplied by 100. C) ask price divided by the bid price.
Q8. Given a foreign currency quotation bid of $0.8955 and an ask of $0.9045 what is the percentage bid-ask spread, and who profits from it? % Bid-Ask Spread Profits?
A) 0.9950% Customer B) 1.0050% Bank C) 0.9950% Bank
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发表于 2009-1-13 11:32
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