The ________ Is a Derivative Forward Contract That Was Created

question 45

Multiple Choice

The ________ is a derivative forward contract that was created in the 1990s. It has the same characteristics and documentation requirements as traditional forward contracts except that they are only settled in U.S. dollars and the foreign currency involved in the transaction is not delivered.

• A) nondeliverable forward
• B) dollar only forward
• C) virtual forward
• D) internet forward

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