what is mark exchange
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Explanation:
Mark price. Definition. A reference price of a derivative that is calculated from underlying index, often calculated as a weighted index spot price of an asset across multiple exchanges (to protect from manipulation on a single exchange).
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The mark was a currency or unit of account in many nations. It is named for the mark unit of weight. The word mark comes from a merging of three Teutonic/Germanic words, Latinised in 9th-century post-classical Latin as marca, marcha, marha or marcus. It was a measure of weight mainly for gold and silver, commonly used throughout Western Europe and often equivalent to eight ounces. Considerable variations, however, occurred throughout the Middle Ages.