A Trader Has Just Agreed to Exchange $2 Million U

question 11

Multiple Choice

A trader has just agreed to exchange $2 million U.S.dollars for $1.55 million Euros six months from today.This exchange is an example of a:

• A)spot trade.
• B)forward trade.
• C)currency swap.
• D)floating swap.
• E)triangle arbitrage.

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Definitions:

Regional Shopping Center

A large retail complex that serves a wide area, often featuring a variety of stores and services along with ample parking.

Old Navy

A popular clothing and accessories retailer known for offering a wide range of affordable fashion items for men, women, and children.

Abercrombie & Fitch

A clothing retailer known for its casual wear for young consumers.

Dick's Sporting Goods

An American sporting goods retail company that offers a wide range of sports gear, equipment, apparel, and footwear.