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.

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Definitions:

Last-Resort Lending Agency

An institution, typically a country's central bank, that offers loans to banks or other eligible institutions that are experiencing financial difficulty or are considered highly risky.

Natural Resources

Resources that are found in nature and can be used for economic gain, such as minerals, forests, water, and fertile land.

Economic Growth

An increase in the production of goods and services in an economy over a period, often measured by the rise in the gross domestic product (GDP).

Corruption

The abuse of entrusted power for private gain, which can occur in both the public and private sectors.