The Market in Which the Currency of One Country Is

question 25

Multiple Choice

The market in which the currency of one country is exchanged for the currency of another country is the

• A)money market.
• B)capital market.
• C)foreign exchange market.
• D)forward exchange market.
• E)international trading market.

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Definitions:

Admission

The act of conceding to a point in an argument or acknowledging the truth of a claim, or the allowance into a place, organization, or institution.

Parol Evidence Rule

A legal principle that prevents parties from presenting extrinsic evidence to modify, vary, or contradict the terms of a written contract.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to another party, if the latter has relied on that promise to their detriment.

Parol Evidence Rule

A legal rule that excludes the admission of oral statements, written agreements outside the contract, or preliminary agreements in interpreting a written contract.