A Noncancelable Sales Order That Specifies Foreign Currency Price and Date

question 31

Multiple Choice

A noncancelable sales order that specifies foreign currency price and date of delivery is known as a:

• A) hedge.
• B) foreign currency firm commitment.
• C) forward contract.
• D) put option.

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Definitions:

Elicited

Brought about, provoked, or drawn out by a stimulus or action; in research, responses or actions that are drawn out by specific experimental conditions.

Emitted

Released or given off, often used in the context of light, heat, or sound.

Generalization

The process by which the brain applies previous learning to new situations that are similar but not identical.

Instrumental Learning

also known as operant conditioning, is a method of learning that occurs through rewards and punishments for behavior.