A Spot Transaction Occurs When

question 90

Multiple Choice

A Spot transaction occurs when

• A) one currency is deposited in a foreign bank.
• B) one currency is immediately exchanged for another currency.
• C) one currency is exchanged for another currency at a specified price.
• D) one currency is exchanged for another currency in 30, 60, or 90 days.

Recognize the importance of small and medium enterprises (SMEs) in international business.

Explain the concepts of balance of trade and how it affects a country's economy.

Understand the significance and purposes of strategic alliances and partnerships in international business.

Grasp the concept and impact of absolute and comparative advantage in international trade.

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Definitions:

Efficacy

The ability to produce a desired or intended result under ideal and controlled circumstances.

Adoption

The act of legally taking another's child into one's family, accepting the rights and responsibilities as the child's parent.

Stages of Change Theory

A model that describes the process by which individuals move through a series of stages when attempting to change behavior, including precontemplation, contemplation, preparation, action, and maintenance.

Pre-contemplation

A stage in the Transtheoretical Model of Change where individuals are not yet considering a change in their behavior or do not perceive a need for change.