Choose the Word or Phrase in [ ] Which Will

question 148

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement.Select "a" for the first item,"b" for the second item,and "c" if neither item will correctly complete the statement.
-[Anyone | Only those with a checking account at the bank] can purchase cashier's checks.

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Definitions:

Fair Hedge

A financial strategy used to reduce risk by taking offsetting positions in a security and its derivative, ensuring gains in one offset losses in the other.

British Pounds

The currency of the United Kingdom, also known as GBP (Great British Pound).

Foreign Exchange Gain

A profit derived from the change in exchange rates when converting from one currency to another.

Non-Interest-Bearing Note

A type of debt instrument which does not accrue interest, repaid at its face value at maturity.