Most E-Commerce Applications Use the Three-Tier Architecture

question 64

True/False

Most e-commerce applications use the three-tier architecture.

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Definitions:

Foreign Exchange Hedge

A financial transaction implemented to protect an investment or business operation from adverse movements in exchange rates.

Foreign Currency Futures

Financial contracts to exchange currencies on a specified future date at a predetermined price.

Forward Exchange Contract

An agreement to exchange currency at a future date at a predetermined rate.

Cash Flow Hedge

A type of financial hedge that protects against exposure to cash flow risk or uncertainty from variable cash inflows or outflows.