In conversation, interbank foreign exchange traders use a shorthand abbreviation in expressing spot currency quotations. Consider a $/£ bid-ask quote of $1.8797-$1.9012. The "bid price" is _____, which means dealer is ready to _____ (buy or sell) _____ (currency) at that price.A.1.9012; buy; USDB.1.8797; buy; GBPC.1.9012; sell; USDD.1.8797; buy; USD

Bank dealers in conversations among themselves use a shorthand notation to quote bid and ask forward prices in terms of forward points. This is convenient because

Bank dealers in conversations among themselves use a shorthand notation to quote bid and ask forward prices in terms of forward points. This is convenient because forward points may change faster than spot and forward quotes.traders who are looking for violations of covered interest arbitrage are less interested in the actual spot and forward exchange rates but are interested in the premium or discount differential measured in forward points.both “forward points may remain constant for long periods of time, even if the spot rates change frequently” and “traders who are looking for violations of covered interest arbitrage are less interested in the actual spot and forward exchange rates, but are interested in the premium or discount differential measured

Exchange rates are commonly quoted using acronyms for the national currencies they represent.

What are the two types of quotations used in the Forex market? Bid and ask Bid and sellAsk and lowOpen and Bid

The foreign exchange quotation, EUR/AUD1.4112–20, means that a bank is willing to payGroup of answer choicesAUD1.4120 for one euro and to sell a euro for AUD1.4112.EUR1.4112 for one AUD and to sell one AUD for EUR1.4120.EUR1.4120 for one AUD and to sell one AUD for EUR1.4112.AUD1.4112 for one euro and to sell a euro for AUD1.4120.