A Way in Which a Foreign Currency Transaction Can Be

question 17

Multiple Choice

A way in which a foreign currency transaction can be hedged is:

• A) Buy (or sell) foreign currency at the date of the initial transaction
• B) Enter into a forward rate agreement to fix the cost of the currency at a fixed date in the future
• C) Enter into a transaction which neutralises the risk (e.g., have accounts receivable and accounts payable in the same currency with the same payment dates)
• D) All of the above

Understand the conditions under which a contract becomes personal and how it affects the assignability of the contract.

Distinguish between intended and incidental beneficiaries and their rights.

Explain the role and impact of oral assignments and their legal validity.

Comprehend the conditions under which third-party beneficiaries may enforce contractual rights.

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Definitions:

FDR's Economic Bill Of Rights

A proposal made by President Franklin D. Roosevelt in 1944 to guarantee economic rights for all Americans, including employment, housing, and healthcare.

Veteran Support

Programs, benefits, and services provided to military veterans by governments, non-profits, and other organizations, recognizing their service and assisting in their reintegration into civilian life.

Government Provision

The distribution or supply of resources, services, or benefits by the government to its citizens.

Housing

Refers to the provision of accommodations or dwellings for individuals or families to reside in.