For Each of the Following Sentences, Select the Correct Word

question 46

Multiple Choice

For each of the following sentences, select the correct word in the parentheses.
-Pearl Harbor was bombed (in, on) December 7, 1941.

• A) in
• B) on

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Definitions:

Forward Contract

A financial derivative contract between two parties to buy or sell an asset at a specified future date for a price agreed upon today.

Canadian Dollars

The currency of Canada, represented by the symbol CAD or C$.

Foreign Exchange Risk

The possibility of losing value due to changes in currency exchange rates.

Spot Rate

The current market price at which a particular asset, such as foreign currency, can be bought or sold for immediate delivery.