Describe the Main Forms of Foreign Exchange Contracts and Explain

question 79

Essay

Describe the main forms of foreign exchange contracts and explain in what circumstances each contract is used.Clarify how dealers earn an income from their FX trading activities.

---

Definitions:

Idiographic

An approach focused on studying the unique aspects of individuals or phenomena, contrasting with nomothetic, which looks for generalizable truths.

Test Validity

The degree to which a test accurately measures what it is intended to measure and can predict outcomes or performance.

Norming Group

A reference group used in psychological testing or research to establish norms or average scores against which individual scores can be compared.

Genogram

A graphical representation of a person's family relationships and medical history, used to identify patterns and psychological factors that may affect behavior.