A Foreign Currency ________ Contract Calls for the Future Delivery

question 46

Multiple Choice

A foreign currency ________ contract calls for the future delivery of a standard amount of foreign exchange at a fixed time, place, and price.

• A) futures
• B) forward
• C) option
• D) swap

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Definitions:

Delegation of Authority

The process of distributing and entrusting work or decision-making power from a higher authority to lower levels within an organization or system.