A spot transaction in the interbank market for foreign exchange would typically involve a two-day delay in the actual delivery of the currencies,
while such a transaction between a bank and its commercial customer would not necessarily involve a two-day wait.
Indicate whether the statement is true or false.
Answer: TRUE
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Under an open listing contract, the broker ________.
A. has the exclusive right to sell the property for a specified period of time, but is not entitled to a commission B. has exclusive rights to sell the property and is entitled to a commission C. receives a nonexclusive right to sell the property D. receives a commission even if a third party finds a buyer
If the variables are standardized, the factor model may be presented as ________
A) Xi = Ai1 F1 + Ai2 F2 + Ai3 F3 + ... + Aim Fm + ViUi B) Xi = Wi1 F1 + Wi2 F2 + Wi3 F3 + ... + Wim Fm + ViUi C) Fi = Wi1 X1 + Wi2 X2 + Wi3 X3 + ... + Wim Xm + ViUi D) Xi = Ai1 F1 + Ai2 F2 + Ai3 F3 + ... + Aim Fm
Which contemporary theory of motivation believes that satisfying hygiene factors does not create a loyal employee or customer?
A. Aldelfer's ERG theory B. McClelland's achievement motivation theory C. Maslow's hierarchy of needs D. Expectancy theory E. Herzberg's two-factor theory
You decide you want your child to be a millionaire. You have a son today and you deposit $10,000
in an investment account that earns 7% per year. The money in the account will be distributed to your son whenever the total reaches $1,500,000. How old will your son be when he gets the money (rounded to the nearest year)? A) 74 years B) 49 years C) 60 years D) 82 years