Examlex

Solved

Match the Term with Its Definition

question 41

Multiple Choice

Match the term with its definition.
-Obtaining cash from a lender who, for a fee, advances the amount of the borrower's cost of goods sold for a specific customer order


Definitions:

Eurocurrency

Currency deposited by national governments or corporations in banks outside their home market, typically in a currency not native to the deposit location.

Financial Centre

A global city known for hosting a cluster of national or international financial institutions, markets, and service providers.

Money

A medium of exchange that enables the transfer of goods and services among parties.

Forward Rate

The interest rate agreed today for a loan to be made in the future.

Related Questions