What is the difference between and "ask" quote and a "bid" quote

What will be an ideal response?

Answer: Currency traders make a small (in percentage terms) profit by purchasing at a slightly lower price, the "bid" rate and selling at a slightly higher price, the "ask" rate.

Business

You might also like to view...

In 2001, Genentech had 535.3 million average common shares outstanding, actual shares outstanding at year-end of 528.3 million and reported earnings per share of $.28. Genentech's reported net income in 2001 equals

A. $149.9 million. B. $147.9 million. C. $148.9 million.

Business

The first step in developing process control charts is to identify critical product characteristics

Indicate whether the statement is true or false

Business