Dealers in Foreign Currency Do NOT

question 110

Multiple Choice

Dealers in foreign currency do NOT:

• A)need to hold amounts of foreign currency
• B)hold their FX reserves in foreign currency cash and shares
• C)make many deals each trading day
• D)calculate daily the net amount of FX they require in the future to settle their FX obligations
• E)hold high-quality securities denominated in foreign currencies.

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Definitions:

Week

A time period consisting of seven consecutive days.

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Intentionally change or modify something with a specific purpose or outcome in mind.

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The fundamental tasks and processes that a computer performs to execute programs and manage data.

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Malicious software designed to damage, disrupt, or gain unauthorized access to computer systems.