A Foreign Currency ________ Contract Calls for the Future Delivery

question 46

Multiple Choice

A foreign currency ________ contract calls for the future delivery of a standard amount of foreign exchange at a fixed time, place, and price.

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

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Definitions:

Intergenerational Mobility

Is social mobility that occurs between generations.

Substantial

Of considerable importance, size, or worth; something that is ample or significant in quantity.

More Than One Generation

This phrase typically refers to the involvement or consideration of multiple age groups within a family, community, or study, spanning parents, children, and possibly grandparents.

Class Stratification

The division of society into classes based on wealth, occupation, or social status, leading to inequality in access to resources and opportunities.