Concerning Foreign Exchange Trading, a "Forward Contract

question 178

Multiple Choice

Concerning foreign exchange trading, a "forward contract"

• A) has no defined expiration date at which settlement must occur.
• B) has contract costs based on the brokerage fees for sell and buy orders.
• C) is issued by a major commercial bank, like Citibank or Barclays.
• D) is traded on IMM's market floor.

---

Definitions:

Illegal

Illegal refers to actions or activities that are forbidden by law.

Organize Unions

The process by which workers form or join labor unions to negotiate collectively with their employers for better wages, working conditions, and other employment terms.

Relay Contacts

The contacts of a relay that are either opened or closed according to the condition of the relay coil. Relay contacts are designated as either normally open or normally closed in design.

Coil

Represents the output of a programmable logic controller. In the output devices, it is the electrical coil that, when energized, changes the status of its corresponding contacts.