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.

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