A currency swap is equivalent to a
A) currency option, with the exercise price equal to the current spot rate.
B) longdated forward foreign exchange contract, where the forward rate is the current spot rate.
C) interest rate swap, where the basis is the differential between the fixed and floating interest rates.
D) short-term currency futures contract.
Answer: B
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. An objective of scheduling is that the work-in-process inventories are maximized. 2. Job-shop scheduling is considerably more complex than line process scheduling. 3. Worker assignment is one of the major issues to be addressed by schedulers in order to reduce the size of the queues in intermittent processes. 4. One of the objectives of loading decisions is to maximize the processing time. 5. Setup times are dependent on job processing sequence, is an assumption required for the use of priority rules.
Auditors cannot protect themselves from liability to third parties by issuing a qualified or an adverse opinion
a. True b. False Indicate whether the statement is true or false
How is an event defined in the Poisson process?
What will be an ideal response?
The RFP should state the required schedule for completion of the project and key milestones
a. True b. False Indicate whether the statement is true or false