Economy, asked by Shlok4360, 1 year ago

Under compitative conditions the difference between currency ask rate and bid rate is

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Answered by Anonymous

The bid rate is thus the rate at which the dealer is willing to buy the base currency and the ask rate is the one at which the dealer is willing to sell the base currency. The difference between the ask rate and the bid rate is called the bid-ask spread and is the profit of the dealer.

Hope it will help you..

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