n NISM Certifications
XIII NISM Series XIII
Medium

In a two-way currency quote, what does the BID price represent?

Practice question from NISM Series XIII for SIF - Mock Test 9 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The price at which price taker is willing to buy

  2. B

    The price at which price taker is willing to sell

  3. The price at which market maker is willing to buy

    Correct answer

  4. D

    The price at which market maker is willing to sell

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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