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14 Jul 2019

Which of the following are true about a bid and asked price to exchange currency at a bank? a. The difference between a banks bid and asked prices is their fee for exchanging currency b. A bank will purchase currency at the âBid Priceâ and sell at the âAsked Priceâ c. A currency which is not traded very much will likely have a large bid/ask spread

i. A,B,C are true

ii. A and C only

iii. B and C only

iv. A and B only

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Beverley SmithLv2

16 Jul 2019

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b) a financial account deficit and a government budget deficit

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Regarding wire transfers, CHIPS and SWIFT actually clears transactions.

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Question 3

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Question 5

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Question 6

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Question 1 options:

An increased demand for the country's goods.

Offering higher interest rates than other countries.

A downturn in the country's business activity.

A lower rate of inflation than other countries.

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Question 2 options:

"foreign commodities."

"foreign exchange."

"foreign investment."

"foreign value."

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increase A's exports to B.

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decrease B's imports from A.

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cannot occur unless both parties are coerced.

Question 5 (1 point)

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demand and supply British pounds, but not U.S. dollars, in the foreign exchange market.

demand and supply U.S. dollars, but not British pounds, in the foreign exchange market.

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Importing a case of British salmon

Purchasing a cottage in the British countryside

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Gifts (aid) received by the U.S. from foreign countries

Foreign investment in U.S. Treasury securities

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result in the sale of $50 million more wheat to Brazil later on.

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