Which of the Following Financial Instruments Provides a Buyer the Right

question 35

Multiple Choice

Which of the following financial instruments provides a buyer the right (but not the obligation) to purchase or sell a fixed amount of currency at a prearranged price, within a few days to a few years?

• A)Letter of credit
• B)Currency option
• C)Currency swap
• D)Forward contract

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Definitions:

Intradermal Injection

A method of administering medication by injection into the dermis, just below the skin.

Swallows

A group of birds known for their slender bodies, pointed wings, and swift, graceful flight, often seen consuming insects mid-air.

Liquid Medication

A form of medication that is administered orally in a liquid state, often prescribed for patients who find it difficult to swallow pills or tablets.

Refuse

Refuse pertains to items or substances that are discarded as waste, often considered garbage or trash.