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Quiz 2 - Forex Acronyms & Jargon

1. Which is always higher: Bid or Ask?

A) Bid

B) Ask

C) Always the same

D) Depends on the currency pair

2. What is the definition of Spread?

A) Ask - Bid

B) Bid - Ask

C) Ask + Bid

D) Ask / Bid

3. What is 1 PIP equal to for non-JPY currency pairs?

A) Depen