_____ Are Reported on a Real Time Basis on Many

question 4

Multiple Choice

_____ are reported on a real time basis on many financial Web sites and are continually changing-their value being determined by supply and demand for that currency relative to others.

• A) Spot exchange rates
• B) Currency swaps
• C) Forward exchange rates
• D) Future exchange rates

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Definitions:

Performance

Performance refers to the execution and accomplishment of given tasks measured against preset known standards of accuracy, completeness, cost, and speed.

Merit Pay

A pay increase given to employees based on their performance, as a reward for achieving specific goals or outstanding work.

Lump Sums

A one-time payment for a sum of money, rather than a series of payments over time.

Raises

An increase in salary or wages, typically awarded to an employee based on performance, market adjustments, or as part of a promotion.