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When Brazilian Carlos Ghosn Was Installed as Chief Executive,he Introduced

question 37

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When Brazilian Carlos Ghosn was installed as chief executive,he introduced two new words into Nissan's lexicon:


Definitions:

Renminbi

The official currency of the People's Republic of China, also known as the yuan in its unit designation.

FX Swaps

A financial agreement where two parties exchange currencies at a specified rate for a certain period, often used to hedge currency risks.

Spot Transaction

A financial contract for the immediate purchase or sale of a commodity, currency, or other asset, with delivery taking place immediately or within a short period.

Forward Transaction

A financial agreement to buy or sell an asset at a specified future date and price.

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