Which of the Following Is Correct When Foreign Currency Is

question 113

Multiple Choice

Which of the following is correct when foreign currency is contracted in the forward market?

• A) A fixed amount is paid when initiating the contract.
• B) A fixed amount is paid at the end of the contract.
• C) The amount to be paid is determined and paid at the end of the contract.
• D) The amount to be paid is determined periodically and paid in installments during the contract.

---

Definitions:

Agnostics Or Atheists

Individuals who either doubt the existence of God or gods (agnostics) or deny the existence of any deities (atheists).

Secularization

The process by which developed societies move away from explanations based on religion to ones based on science, rationality, and logic.

Rationality

The quality of being based on or in accordance with reason or logic.

Developed Societies

Refers to nations with advanced technological infrastructure, high levels of income, and improved standards of living.