The price at which a bank is willing to sell a currency is known as the __________________.

The term that accurately defines the price at which a bank is willing to sell a currency is known as the offer rate. This rate reflects the value that a seller would accept for a particular currency when exchanging it for another. It is an essential concept in foreign exchange markets, as it indicates the cost to purchase a currency from a financial institution.

Understanding the offer rate is crucial in international business and finance because it affects transaction costs related to currency exchange. Companies involved in overseas transactions need to closely monitor this rate to effectively manage foreign currency risks.

In contrast to the offer rate, the bid rate is the price a bank or dealer is willing to pay for a currency, while the spread rate typically refers to the difference between the offer and bid rates. The exchange rate is a more general term that refers to the specific value of one currency relative to another and can include either the offer or bid rates depending on the context.