In Sweden,cash Accounts for ________ of Transactions

question 45

Multiple Choice

In Sweden,cash accounts for ________ of transactions.

• A) only about 2 percent
• B) about 10 percent
• C) approximately 40 percent
• D) just under 90 percent

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Definitions:

Hedging Instrument

A financial contract used to offset potential losses or gains that may be incurred by a companion investment.

Forward Contract

A financial agreement between two parties to buy or sell an asset at a specified future time at a price agreed upon today, not traded on an exchange.

Purchase Order

A formal document issued by a buyer to a seller, authorizing the purchase of goods or services as specified at agreed-upon terms.

Fair-Value Hedge

A hedge that protects against changes in the fair value of an asset, liability, or firm commitment that is attributable to a particular risk.