A Spot Transaction ________

question 24

Multiple Choice

A spot transaction ________.

• A) is a foreign exchange transaction that is consummated immediately
• B) is a foreign exchange transaction that occurs sometime in the future
• C) involves currencies that are not freely tradeable
• D) involves a transaction in which the same currency is bought and sold simultaneously

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Definitions:

Wholesalers

Businesses that buy goods in large quantities from manufacturers and then sell them in smaller amounts to retailers or other businesses.

Foreseeable Plaintiffs

Individuals who could be reasonably expected to be affected by the defendant's actions or negligence and therefore may have grounds to sue.

Product Liability

Product liability refers to the legal responsibility of manufacturers and sellers for injuries caused by defective or dangerous products.

Strict Product Liability Theory

A legal doctrine that holds a seller, distributor, or manufacturer liable for any damages caused by a defective product, regardless of fault.