Quoted Price

Quoted Price is the price stated by the seller in the market that he/or she is willing to exchange the goods on offer at. This price applies in all type of goods.Quoted Price applies in most markets where commodities are being availed for selling.

Quoted Price is the price which initiates a transaction of selling and buying. Once there exists a coincidence of willing seller willing buyer positon, then exchange takes place.

About the Author - Dr Geoffrey Mbuva(PhD-Finance) is a lecturer of Finance and Accountancy at Kenyatta University, Kenya. He is an enthusiast of teaching and making accounting & research tutorials for his readers.