n NISM Certifications
NSM General NISM
Medium

In OTC market, if a bank quotes 83.05/83.06 for USD 1mn, what is likely for a USD 100mn quote?

Practice question from NISM Series I - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Same one paise spread

  2. Higher bid/offer spread

    Correct answer

  3. C

    Lower bid/offer spread

  4. D

    Cannot be determined

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

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