The Most Important (In Terms of Dollar Value) Type of Foreign

question 48

Multiple Choice

The most important (in terms of dollar value) type of foreign exchange transaction by U.S.banks is the:

• A) Spot transaction
• B) Forward transaction
• C) Swap transaction
• D) Option transaction

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Definitions:

Truth-functional Compound

A compound statement whose truth value depends solely on the truth values of its components.

Quantifier

A logical tool that counts the instances within a discourse domain adhering to the conditions of an open formula.

Atomic Open Sentence

A type of statement in logic, which contains at least one variable, and becomes a proposition once the variables are replaced by specific values.

Compound

A substance formed from two or more elements chemically united in fixed proportions, or in logic, a sentence that combines two or more atomic sentences with logical connectives.