Which of the Following Describes the Way the Futures Price

question 7

Multiple Choice

Which of the following describes the way the futures price of a foreign currency is quoted?

• A) The number of U.S. dollars per unit of the foreign currency
• B) The number of the foreign currency per U.S. dollar
• C) Some futures prices are always quoted as the number of U.S. dollars per unit of the foreign currency and some are always quoted the other way round
• D) There are no quotation conventions for futures prices

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Definitions:

Vibrates

Produces rapid motions back and forth or up and down in small movements.

Atelectasis

A condition characterized by the partial collapse of lung tissue, resulting in reduced gas exchange and possibly breathing difficulties.

Postural Drainage

A technique that uses gravity to assist in the removal of mucus from the airways of the lungs.

Tenacious Secretions

Thick and sticky bodily fluids that are hard to expel, often seen in respiratory conditions.