Spot Transactions

question 24

Multiple Choice

Spot transactions

• A)involve immediate settlement.
• B)may only take place in face-to-face trading.
• C)take place on-the-spot, rather than on an organized exchange.
• D)are relatively unimportant in financial markets.

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Definitions:

Uncertainty-Avoidance Cultures

Societies that exhibit a low tolerance for ambiguity and uncertainty, often preferring clear rules and structure.

National Boundaries

This term describes the geographical limits of a nation, encompassing its territory and defining its jurisdiction and control.

Global Economy

An interconnected marketplace without geographical limits, where goods, services, and labor flow across national borders.

Global Sourcing

The practice of sourcing goods and services from the global market, aiming to exploit global efficiencies in the delivery of a product or service.