In Forward Transactions

question 29

Multiple Choice

In forward transactions,

• A)the exchange takes place at the same exchange rate as in the spot market.
• B)currencies are exchanged at a set date in the future.
• C)currencies may only be exchanged at rates set by governments well in advance.
• D)currency is bought and sold for delivery later that same day.

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Definitions:

Epiphyseal Plate

A hyaline cartilage plate in the metaphysis at each end of a long bone, the site of bone growth in length.

Forearm

The lower part of the arm extending from the elbow to the wrist.

Supination

The outward rotation of the forearm or foot that results in the palm or sole facing upwards or forwards, respectively.

Pronation

Rotation of the forearm so that the anterior surface is down (prone).