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The bid price of EUR in terms of GBP can be calculated by dividing the bid price of EUR by the ask price of GBP. Using the given prices, the bid price of EUR (1.5015) in terms of GBP (1.5040) is approximately 0.9963 GBP per EUR (1.5015 / 1.5040 = 0.9963). This means that for every 1 EUR, you would receive about 0.9963 GBP at the given rates.
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What is a price offer called in a bidding?
A price offer in bidding is called a bid price. Someone bidding on something, like at an auction, can bid on the item, which is called the bid price.
What is the bid an ask price in commodities?
"Ask" is the price sellers are asking for their commodity. "Bid" is the price buyers are willing to pay.
Difference between the bid price and offer price?
The ''bid price'' is the price at which an investor can sell the securities he/she holds. The ''offer price is the price at which an investor can buy securities.
What happens to price when a shortage exists?
Consumers bid up the price.
What are bid and ask prices?
Bid is the highest price someone is offering to buy the securities for at a given point in time. Ask is the lowest price someone is offering to sell the securities for at a given point in time. When placing a trade you would typically be buying at the ask price and selling for the bid price.
Under what criteria is a formal bid required?
When the firm wants to choose the best price or good quality or both, that time business required to raise a formal bid. Sometimes to choose the best Vendors (interms of money and quality) also formal bidding will take place.
What is a price offer called in a bidding?
A price offer in bidding is called a bid price. Someone bidding on something, like at an auction, can bid on the item, which is called the bid price.
Do you sell at the bid or ask price?
When you buy, you pay the ask price. When you sell, you receive the bid price.
What is a Bid price and ask price?
I want to sell my car - my asking price is $3,000 but your BID price is only $2,500
Do you buy at the bid or ask price when trading stocks?
When trading stocks, you typically buy at the ask price and sell at the bid price. The ask price is the price at which you can buy a stock, while the bid price is the price at which you can sell a stock.
What is the difference between a bond bid and ask price?
The bond bid price is the highest price a buyer is willing to pay for a bond, while the bond ask price is the lowest price a seller is willing to accept for the bond. The difference between the bid and ask price is known as the bid-ask spread.
What is a bid?
A bid is an attempt, a monetary offer to buy a good at a certain price, or an offer for a price.
What was the last bid ask price for the item?
The last bid-ask price for the item was 50.
What is a firm fixed price bid?
This means that the price bid for the contract will (if the winning bid) be the actual price paid by the buyer and cannot change (even if it results in a loss to the seller).
Is the ask price higher than the bid price?
Yes, the ask price is typically higher than the bid price in a financial market.
What is the bid an ask price in commodities?
"Ask" is the price sellers are asking for their commodity. "Bid" is the price buyers are willing to pay.
Difference between the bid price and offer price?
The ''bid price'' is the price at which an investor can sell the securities he/she holds. The ''offer price is the price at which an investor can buy securities.
