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When Currency Options Are Not Standardized and Traded Over-The-Counter, There

question 59

Multiple Choice

When currency options are not standardized and traded over-the-counter, there is ____ liquidity and a ____ bid/ask spread.

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Definitions:

Reasonable Amount

A quantity or level of something (such as time, cost, or size) that is considered fair, proper, and appropriate under typical circumstances.

Express Terms

Specific provisions or conditions explicitly stated in a contract or agreement.

Past Course

A historical pattern of behavior or performance that may be considered in evaluating the current situation or deciding on future actions.

Conflict

Disagreement or discord resulting from opposing actions, views, or interests between parties.

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