Spreads in quotations of exchange rates are:
a. the geographical dispersion of nations that use the currency.
b. a measure of contagion involved in changes in exchange rates.
c. the difference in the price the buyer pays versus the price the seller receives.
d. he percentage of interest one pays when borrowing to purchase currencies.
Ans: c. the difference in the price the buyer pays versus the price the seller receives.
Economics
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