The ask price is the price at which a seller is willing to sell an asset in the financial market, such as a stock or a currency. It is the opposite of the bid price, which is the price at which a buyer is willing to buy an asset in the financial market.
The difference between the bid price and the ask price is called the bid-ask spread, or sometimes just the spread. Narrow spreads indicate high liquidity in the market and are beneficial for traders and investors as they can exchange assets at prices closer to market value.
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