___________ Between a Bank and a Customer Calls for a Fixed

question 10

Multiple Choice

___________ between a bank and a customer calls for a fixed delivery date, at a fixed exchange rate for a specified amount of one currency against another currency payment.

• A) spot quotation
• B) currency option
• C) currency swap
• D) forward contract

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Definitions:

Otoliths

Small calcium carbonate crystals in the inner ear that play a key role in sensing gravity and movement.

Sunbathing

The act of sitting or lying in natural sunlight, often for the purpose of tanning the skin or for pleasure.

Anosmia

The loss of the sense of smell, either total or partial, which can be temporary or permanent.

Membranous Structures

Structures composed of membrane, typically referring to parts of cells such as organelles enveloped by lipid bilayers.