The Greatest Volume of Daily Foreign Exchange Transactions Are

question 47

Multiple Choice

The greatest volume of daily foreign exchange transactions are:

• A) spot transactions.
• B) forward transactions.
• C) swap transactions.
• D) This question is inappropriate because the volume of transactions are approximately equal across the three categories above.

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Definitions:

Business Liability Policy

An insurance policy that protects a company from financial loss resulting from liabilities such as accidents, injuries, or negligence.

Claim

A demand for something as due, particularly money, property, or legal relief, often the subject of legal action.

Insurer Duty

The obligations that an insurance company has toward its policyholders, including the duty to act in good faith and to pay valid claims.

Incontestability Clause

A clause in a policy for life or health insurance stating that after the policy has been in force for a specified length of time (usually two or three years), the insurer cannot contest statements made in the policyholder’s application.