When Two Parties Agree to Exchange Currency and Execute the Deal

question 114

Multiple Choice

When two parties agree to exchange currency and execute the deal immediately,the transaction is referred to as a ______________.

• A) point-in-time exchange
• B) temporal exchange
• C) spot exchange
• D) forward exchange
• E) transaction

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Definitions:

Chitin

A large, structural polysaccharide made from chains of modified glucose and found in the exoskeletons of arthropods and in the cell walls of fungi.

Cellulose

Polysaccharide that is the major complex carbohydrate in plant cell walls.

Desiccation

The process of drying out or removing moisture from something, often causing it to become completely dry.

Vascular

Refers to the tissues in plants and animals that are involved in the transport of fluids, such as blood in animals and sap in plants.