Q693
Ask quote is for
A.
seller
AnswerB.
buyer
C.
hedger
D.
speculator
Answer: Option A
Solution
Answer: Option A
Solution:
Ask quote is for seller. The ask price represents the minimum price that a seller is willing to take for that same security. A trade or transaction occurs after the buyer and seller agree on a price for the security which is no higher than the bid and no lower than the ask.