Which of the following are true about a bid and asked price to exchange currency at a bank?
a. The difference between a banks bid and asked prices is their fee for exchanging currency
b. A bank will purchase currency at the “Bid Price” and sell at the “Asked Price”
c. A currency which is not traded very much will likely have a large bid/ask spread
i. A,B,C are true
ii. A and C only
iii. B and C only
iv. A and B only