A Switch Trade

question 60

Multiple Choice

A switch trade

• A)is the purchase by a third party of one country's a clearing agreement balance for hard currency.
• B)is a form of barter.
• C)involves two parties agreeing to buy a specified amount of goods or services from one another.
• D)all of the above

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Definitions:

Record Date

The specific date set by a company to determine the shareholders eligible to receive dividends or other distributions.

Payment Date

The specific date on which a dividend payment is made to shareholders or a date on which any financial obligation must be settled.