Select the Term That Is Spelled Correctly and Give Its

question 137

Short Answer

Select the term that is spelled correctly and give its meaning.
-a. hypnotic
b. hipnotic
a or b: _____ meaning: __________

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Definitions:

Foreign Currency Option

A financial derivative that gives the holder the right, but not the obligation, to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date.

Fair Value

The cost at which one could sell an asset or assume a liability in a structured exchange with market participants on the valuation date.