ACI
3I0-012 · Question #391
What does the term "mine" mean when given in response to an FX spot quotation?
The correct answer is B. I buy the base currency at the offer rate. See the full explanation below for the reasoning.
Question
What does the term "mine" mean when given in response to an FX spot quotation?
Options
- AI buy the base currency at the bid rate.
- BI buy the base currency at the offer rate.
- CI buy the counter-currency at the offer rate.
- DI sell you the base currency at the bid rate,
How the community answered
(44 responses)- A5% (2)
- B70% (31)
- C16% (7)
- D9% (4)
Community Discussion
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