A Web Service Is an Open-Standards Way of Supporting Interoperability

question 53

True/False

A web service is an open-standards way of supporting interoperability. Web services are application programming interfaces (API) that can be accessed over a network, such as the Internet, and executed on a remote system hosting the requested services.

---

Definitions:

Lbs

An abbreviation for pounds, a unit of weight commonly used in the United States and the British imperial system; not directly a financial term unless related to commodities trading.

Coffee Futures

Financial contracts obligating the buyer to purchase coffee, and the seller to sell coffee, at a predetermined future date and price.

Pounds

A unit of mass commonly used in the British imperial and United States customary systems, equivalent to 0.453592 kilograms.

Marking to Market

The practice of updating the value of a financial instrument to reflect its current market value.