According to the E-SIGN Act

question 32

Multiple Choice

According to the E-SIGN Act:

• A)diverse areas such as database contracts,software licensing agreements,customized software formulation,and the rights to multimedia commodities are covered.
• B)the participants must concur on the use of an electronic medium to create their contractual relationship.
• C)e-contracts that are entered into over the Internet will be valid,provided that the parties to the e-contract have agreed that electronic signatures will be used.
• D)an e-contract,even if it cannot be duplicated and stored,will have the same validity as a paper contract.

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Definitions:

Exchange Rate Risk

The possibility of losing value in international financial transactions due to fluctuations in the currency exchange rates.

Manage Exchange Rate

Strategies or practices employed by individuals, businesses, or countries to mitigate or take advantage of fluctuations in exchange rates.

London Interbank Offer Rate (LIBOR)

The rate most international banks charge one another for overnight Eurodollar loans.

Note Issuance Facility (NIF)

Large borrowers issue notes up to one year in maturity in the Euromarket. Banks underwrite or sell notes.