A forward currency transaction
A. is always at a premium over the spot rate
B. means that delivery and payment must be made within one business day (USA/Canada) or two business days after the transaction date
C. calls for exchange in the future of currencies at an agreed rate of exchange
D. sets the future date when delivery of a currency must be made at an unknown spot exchange rate
Answer: Option C
This Question Belongs to Management >> International Finance And Treasury
A. The British Pound
B. The Japanese Yen
C. The Spanish Peso
D. The US Dollar
Not a profit maximizing business is
A. International Monetary Fund
B. International bank for Reconstruction and Development
C. International Financial Corporation
D. World Trade Organisation
A. Merchandise Payment
B. Service Payment
C. Factory Income
D. Transfer payment
Nations that have major economic expansion attract
A. Imports
B. Direct Foreign Investment
C. Exports
D. Privatization
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