A Major Disadvantage of Forward Currency Contracts Is

question 9

Multiple Choice

A major disadvantage of forward currency contracts is

• A)the margin that must be committed at the time one enters the contract
• B)standardized contract dollar amounts
• C)only three banks offer them in the U.S.
• D)none of the above

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Definitions:

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A landlocked country in the Eastern Himalayas, known for measuring prosperity by Gross National Happiness rather than Gross Domestic Product.

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A term that characterizes postindustrial societies, including a focus on the production and management of information and skepticism of science and technology.

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The quality or condition of being modern, often associated with cultural and economic developments in society following the Age of Enlightenment.

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The alteration over time in behavior patterns, cultural values, and norms of a society.