The bid rate refers to the price at which a bank is willing to sell a unit of foreign currency; the offer rate is the price at which a bank is willing to buy a unit of foreign currency.

a. True
b. False


b. False

Business

You might also like to view...

Based on the following, what is the total product cost flexible budget variance?


A) $925 F
B) $450 U
C) $725 F
D) $725 U

Business

The ________ is the legal system of England and countries that were once English colonies

A. Shari'a B. public law C. common law D. civil law

Business

Which of the following activities would likely be the best candidate for crashing?

a. Activity A, Slack = 14 b. Activity B, Slack = 10 c. Activity C, Slack = 0 d. Activity D, Slack = 11

Business

Projects will usually have an initial investment, cash inflows, and a terminal cash flow

Indicate whether the statement is true or false

Business