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

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

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

The exchange rates quoted by an authorised dealer to its customers are known as-Select one:a.Authorised ratesb.Commercial ratesc.Merchant ratesd.Indirect rates

A forward currency transaction:Select one:a.Is Always At A Premium Over The Spot Rateb.Means That Delivery And Payment Must Be Made Within One Business Day (Usa/Canada) Or Two Business Days After The Transaction Datec.Calls For Exchange In The Future Of Currencies At An Agreed Rate Of Exchanged.Sets The Future Date When Delivery Of A Currency Must Be Made At An Unknown Spot Exchange Rate