The Possibility of Loss Due to Unexpected Changes in Currency

question 56

Multiple Choice

The possibility of loss due to unexpected changes in currency values or interest rates is called:

• A) economic risk.
• B) business risk.
• C) financial risk.
• D) political risk.

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Definitions:

Tender

An offer to perform work, supply services, or sell goods at a specified price.

Deed

A legal document that represents the ownership of a property and can transfer that ownership from one party to another.

Statute Of Frauds

A legal concept that requires certain kinds of contracts to be written and signed in order to be enforceable.

Parol Evidence Rule

A rule that prevents a party from introducing evidence that would add to or contradict terms of a contract.