Currency and Bank Deposits That Are Denominated in Foreign Money

question 52

Multiple Choice

Currency and bank deposits that are denominated in foreign money are called:

• A) traveler's checks.
• B) international funds.
• C) foreign exchange.
• D) foreign remittances.
• E) international bonds.

---

Definitions:

Solenoids Actuating

Solenoids actuating refers to solenoids being triggered or operated, which then actuate or move other mechanical components through electromagnetic force.

Self-Test

A diagnostic procedure or check that a system performs on itself to ensure it is operating correctly.

Modulator Valves

Valves that modulate the pressure of fluids in systems such as automatic transmissions and ABS braking systems, for controlled operation.

Reluctor Wheel

A toothed rotor that is driven through a stationary magnetic field to produce an AC voltage; used as shaft and wheel speed sensors.