Question
Which has a higher value, the bid price quote or the asked price quote?
Multiple choice question.
The bid price quote is higher.
Both have equal prices.
Depends, it could be either one.
The asked price quote is higher.
Multiple choice question.
The bid price quote is higher.
Both have equal prices.
Depends, it could be either one.
The asked price quote is higher.
Answers
GPT-4o mini
The correct answer is:
**The asked price quote is higher.**
In financial markets, the bid price is the price a buyer is willing to pay for an asset, while the asked (or offer) price is the price at which a seller is willing to sell the asset. Therefore, the asked price is typically higher than the bid price.
**The asked price quote is higher.**
In financial markets, the bid price is the price a buyer is willing to pay for an asset, while the asked (or offer) price is the price at which a seller is willing to sell the asset. Therefore, the asked price is typically higher than the bid price.