When does delivery occur on a spot contract?
What will be an ideal response?
Answer: When currencies in the interbank spot market are traded, certain business conventions are followed. For example, when the trade involves the U.S. dollar, business convention dictates that spot contracts are settled in 2 business days–that is, the payment of one currency and receipt of the other currency occurs in 2 business days. One business day is necessary because of the back-office paperwork involved in any financial transaction. The second day is needed because of the time zone differences around the world.
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a. $100. b. $600. c. $700. d. $800.
An accountable team member is
A) enthusiastic B) creative C) entertaining D) responsible
The cumulative feature of stock allows the firm to eliminate a class of stock by paying the stockholders a specified amount
a. True b. False Indicate whether the statement is true or false
The fundamental marketing profitability metric for planning purposes is the ________ equation
A) gross profit B) market share C) market demand D) net marketing contribution E) variable unit cost