If Foreign Exchange Transactions Cost ABC 0

question 27

Multiple Choice

If foreign exchange transactions cost ABC 0.45 percent, what savings results from netting?

• A)S$684
• B)S$765
• C)S$1,449
• D)S$1,823

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Definitions:

Profit

The financial gain made in a transaction or operation, calculated as total revenue minus total expenses.

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A factor used to determine the cash value of each point of change in a futures or options contract, affecting the total contract value.

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A stock market index that measures the stock performance of 500 of the largest companies listed on stock exchanges in the United States, often used as a benchmark for the overall market.