The Volume of OTC Currency Options Trading Is

question 31

Multiple Choice

The volume of OTC currency options trading is

• A)much smaller than that of organized-exchange currency option trading.
• B)much larger than that of organized-exchange currency option trading.
• C)larger, because the exchanges are only repackaging OTC options for their customers.
• D)none of the above

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Definitions:

FIFO Method

An inventory valuation method that assumes the first items purchased are the first ones sold, standing for "first-in, first-out."

Equivalent Units

A concept used in cost accounting to convert partially completed goods into a number of equivalent completed units for inventory valuation.

Forming Department

A specific department in manufacturing where raw materials begin their transformation into final products through various processes.

Weighted-Average Method

An inventory costing method that assigns costs based on the average cost of all units available during the period.