In a ________ contract you can effectively lock in the price at which you buy or sell a foreign currency at a set date in the future.
A. spot foreign exchange
B. currency futures
C. securities spot
D. covered arbitrage
Answer: B
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Higher nominal interest rates ________ the amount of money demanded and higher real income ________ the amount of money demanded.
A. increase; increases B. increase; decreases C. decrease; decreases D. decrease; increases
In the U.S., government expenditure accounts for
a. 10% of GDP b. 20% of GDP c. 40% of GDP d. government expenditure is not included in GDP
Once a new technology spreads and is adopted by many countries:
A. the first country to use it may lose its comparative advantage. B. the country will have to have strict intellectual property rights protections in place. C. other countries will perfect it, putting them at an absolute advantage. D. the first country to use it will lose its absolute advantage.
GDP includes:
A. intermediate but not final products. B. substitute but not intermediate products. C. final but not intermediate products. D. complementary but not intermediate products.