A Foreign Currency ________ Gives the Purchaser the Right, Not

question 58

Multiple Choice

A foreign currency ________ gives the purchaser the right, not the obligation, to buy a given amount of foreign exchange at a fixed price per unit for a specified period.

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

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Definitions:

Defamation

The act of damaging someone's reputation through false statements, either spoken (slander) or written (libel).

Duty to Be Careful

An obligation to act with a reasonable level of care and caution to avoid harm to others or their property.

Business Interruption

An event that causes significant disruption to the normal operations of a business, potentially leading to financial loss.

Tort

A wrongful act or infringement of a right leading to civil legal liability, not arising from a contract.