Which of the Following Statement(s) About the Currency Forward Market

question 50

Multiple Choice

Which of the following statement(s) about the currency forward market is (are) true?

• A)In the forward market you buy or sell currency for future delivery at a rate set today.
• B)In the forward market you buy or sell currency for future delivery at a rate set today and a forward market transaction is usually a made-to-order transaction.
• C)A forward market transaction is usually a made-to-order transaction and most forward transactions are settled in six months or less.
• D)In the forward market you buy or sell currency for future delivery at a rate set today, a forward market transaction is usually a made-to-order transaction, and most forward transactions are settled in six months or less.

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Definitions:

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