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:

Inch

A unit of length in the imperial and US customary systems, equal to 1/12 of a foot or exactly 25.4 millimeters.

CSA

Stands for Canadian Standards Association, a nonprofit organization that develops standards for various products, processes, and services.

Canadian Standards Association

A not-for-profit standards organization in Canada that develops standards in multiple areas, including safety, health, and sustainability.

Reduced Scale

A scale that represents an object or drawing smaller than its actual size, used in blueprints and plans to fit large subjects on a manageable surface.