In derivative contract, settlement by offset, denotes which one of the following?
A. Settlement of a maturing futures contract by cash payment in order to offset the mutal obligation on the contract
B. Closing out futures contract before maturity with an offsetting trade
C. Terminating a futures contract by executing a new contract by way of payment of cash in a mutually agreed proportion
D. A fresh contract is entered into by discarding the earlier contract outside the exchange
Answer: Option B
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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