If the Value Date of Forward USD/JPY Transactions Is Declared

question 21

Multiple Choice

If the value date of forward USD/JPY transactions is declared a holiday in either New York or Tokyo, the correct value date will be:

• A) The value date of the centre which is open.
• B) The next business day of the centre which is close
• C) The next business day when both New York and Tokyo
• D) None of the above.

---

Definitions:

Proactive Interference

The process by which old memories impede the recollection of fresh memories.

Encoding Failure

The inability to recall specific information because it was not stored properly in the memory in the first place.

Repressed Memories

Memories that are subconsciously suppressed because they're linked to intense stress or trauma.

Psychotherapy

A form of therapy involving talking with a trained therapist to understand and resolve problematic behaviors, beliefs, feelings, relationship issues, and/or bodily responses.