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What term describes profiting from price differences for the same currency across markets?
Answer
Arbitrage
What exchange-rate regime is used by a currency board to maintain a fixed rate with foreign reserves?
Answer
Currency board
What is the standard ISO 4217 code for the United Arab Emirates dirham?
Answer
AED
What term names the difference between a currency dealer's buy price and sell price?
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What term names the difference between a currency dealer's buy price and sell price?
Answer
Bid-ask spread
In forex quoting, what does the first currency in a currency pair represent?
Answer
Base currency
What term describes an exchange rate determined by supply and demand in the foreign exchange market?
Answer
Floating exchange rate
What term describes an exchange rate set by a government or central bank rather than left to the market?
Answer
Fixed exchange rate