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"Futures" Currency Contracts Are Issued by Commercial Banks and Are

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True/False

"Futures" currency contracts are issued by commercial banks and are tailored in size to the needs of the exporter or importer, while "forward" currency contracts are issued by the International Monetary Market in standardized round lots.


Definitions:

Purchase Spend

Purchase spend refers to the total amount of money a company expends on acquiring goods and services necessary for its operations.

Price Negotiations

entail bargaining between buyers and sellers to reach mutually agreeable terms for the price of goods or services.

Supply Management

The process of managing the acquisition of goods and services for an organization, focusing on optimizing cost, quality, and delivery.

Decrease Costs

The process or strategy of reducing the amount of money required for operations, production, or other activities within an organization.

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