A Foreign Currency ________ Gives the Purchaser the Right, Not

question 58

Multiple Choice

A foreign currency ________ gives the purchaser the right, not the obligation, to buy a given amount of foreign exchange at a fixed price per unit for a specified period.

• A) future
• B) forward
• C) option
• D) swap

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Definitions:

Ecosystem's Fragility

The vulnerability of an ecosystem to disruption or collapse due to changes in environmental conditions or human interference.

Succulent Plants

Plants with thick, fleshy parts adapted to store water, allowing them to survive in arid climates or soil conditions.

Species Diversity

The variety of different species present in a particular ecological community or habitat.

Arctic Tundra

A biome characterized by a cold, desert-like climate located at high latitudes above the Arctic Circle, with permafrost and minimal vegetation.