The future date on which the currencies are actually exchanged is called what?
A) the value date
B) the spot exchange date
C) the two-day window
D) the commitment date
E) the forward exchange rate
A
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The equilibrium price of a good occurs if the
A) quantity of the good demanded equals the quantity of the good supplied. B) quantity of the good demanded is greater than the quantity of the good supplied. C) quantity of the good demanded is less than the quantity of the good supplied. D) demand for the good is equal to the supply of the good. E) price of the good seems reasonable to most buyers.
A shift in a curve represents a change in:
A. the variable on the horizontal axis. B. the variable on the vertical axis. C. a third variable that is not on either axis. D. any variable that is relevant to the relationship being graphed.
If resources A and B are complementary and employed in fixed proportions:
A. a change in the price of A will have no effect on the quantity of B employed. B. an increase in the price of A may either increase or decrease the demand for B. C. an increase in the price of A will increase the demand for B. D. an increase in the price of A will decrease the demand for B.
Which of the following observations is true of business norms?
A. They are somewhat like a company's mission. B. They are equivalent to contract laws. C. They are standards of accepted behavior. D. They are the same as product quality standards.