A Decentralised FX Operation Is Where

question 60

Multiple Choice

A decentralised FX operation is where:

• A) the control of Treasury policy development and FX trading is spread equally between the directors of the company.
• B) Treasury policy and FX trading is spread between the divisions of the company.
• C) Treasury policy development and FX trading is associated with several regional offices.
• D) Treasury policy development is associated with the head office of the company, and FX trading is spread between several regional offices.

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Definitions:

Interest Payment

The amount paid by a borrower to a lender for the use of borrowed money, typically expressed as an annual percentage.

Semiannual Interest

Interest calculated and paid twice a year, often related to bonds or loans with fixed interest rates.

Straight-line Method

A technique for computing depreciation or amortization that evenly divides the asset's cost over its expected lifespan.

Bond Liability

An obligation or debt represented by bonds issued by a company, which it is required to repay at a specified time with interest.