Forex market Flashcards
1
Q
What direct and indirect quote
A
Say cad is home country:
direct: how many Cad for one foreign
Indirect: how many foreign for a CAD
2
Q
American and european quotes
A
AM: $ per unit of foreign
EUR: opposite
3
Q
What is the arbitrage excluding condition
A
There is no arbitrage if the bid ask quotes are ovelapping