The overwhelming majority of trading in futures contracts is done via ______.
A. trading pits
B. phone
C. open outcry
D. electronic networks
D. electronic networks
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For improper execution or failure to execute payment orders, banks can be liable to:
A. the originators for consequential damages. B. the beneficiaries for their incidental expenses. C. the originators for their expenses in the transaction along with incidental expenses and interest losses. D. both the originators and beneficiaries for consequential damages, even though the written agreement of the receiving bank does not provide for it.
What are the four phases of negotiation?
A. Attention, interest, desire, and action B. Planning, studying, sampling, and closing C. Planning, proposing, reciprocating, and closing D. Interest, desire, conviction, and buying E. Planning, meeting, studying, and proposing
Gross profit minus selling expenses equals net income
Indicate whether the statement is true or false
The completion of an originally incomplete instrument in an unauthorized manner is not a defense against payment on the instrument to an HDC.
Answer the following statement true (T) or false (F)