In the Unforeseen Event That a Particular Maturity Date Is

question 456

Multiple Choice

In the unforeseen event that a particular maturity date is declared a public holiday, what is normal market practice for spot FX?:

• A) Extend the contract to the next business day
• B) Shorten the contract to the previous business day
• C) A new maturity date has to be agreed by the two parties involved
• D) ACI's Committee for Professionalism decides on a case by case basis

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Definitions:

Classical Economists

Early economists who theorized that free markets regulate themselves through the laws of supply and demand, advocating for minimal government intervention.

Government Intervention

Actions taken by a government to influence or directly control aspects of its economy, such as regulations, subsidies, and tariffs.

Full Employment

A condition in which everyone who is willing and able to work at prevailing wage rates is employed.

Employment Act

Legislation aimed at governing labor practices, including hiring, working conditions, and rights of employees and employers.