What is the general relation of the two types of prices quoted for a stock on a exchange?
What will be an ideal response?
Answer: The two prices are bid price and ask price. The ask price is higher than the bid price to deter a buyer from buying a stock and selling it back immediately, assuming everything else remains unchanged.
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Under an international regime of fixed exchange rates, countries with a BOP ________ should consider ________ their currency while countries with a BOP ________ should consider ________ their currency
A) deficit, revaluing; surplus, revaluing B) deficit, devaluing; surplus, devaluing C) surplus, devaluing; deficit, revaluing D) surplus, revaluing; deficit, devaluing
A mutual fund that is designed to invest in only one specialty area of the market is known as a(n) ________
A) target-date fund B) sector fund C) optimal fund D) balanced fund E) socially responsible fund