Which of the Following Statement(s)about the Currency Forward Market Is

question 63

Multiple Choice

Which of the following statement(s) about the currency forward market is (are) true?
I.In the forward market you buy or sell currency for future delivery at a rate set today.
II.A forward market transaction is usually a made-to-order transaction.
III.Most forward transactions are settled in six months or less.

• A)I only
• B)I and II only
• C)II and III only
• D)I, II, and III

---

Definitions:

Transatlantic Telegraph Cable

An undersea cable laid across the Atlantic Ocean used for telegraph communications, first successfully completed in 1866, markedly reducing communication time between Europe and North America.

Underwater

The term "underwater" refers to being submerged in or covered by water, often used in the context of diving, marine environments, or submerged objects.

Annexationists

Advocates for the acquisition of territories not currently under their country’s control, often for strategic, economic, or political reasons.

Hawaiian Government

The governing body of the Hawaiian Islands, which has evolved from a kingdom to a republic to a territory, and finally became the 50th state of the United States in 1959.