Currency pairs are quoted based on their bid (buy) and ask prices (sell). The bid price is the price that the forex broker will buy the base currency from you […]
Higher liquidity means a less volatile market where prices don’t radically fluctuate. Trading the USD/CAD currency pair is also known as trading the “loonie,” the name […]
For example, a mortgage loan is used to purchase property, and a student loan covers education expenses. For these types of debts, the borrower does not […]
Example – Unreal corp. purchased 1000 kg of cotton for 100/kg from X to use as raw material for their clothes manufacturing business. The total invoice amount […]