Which of the following best describes the operational trading hours for the global foreign exchange market?Group of answer choicesMonday to Friday, 5 hours a day.Monday to Sunday, 5 hours a day.Monday to Sunday, 24 hours a day.Monday to Friday, 24 hours a day.Next

Foreign exchange market is considered 24 hours market because:Select one:a.It is open all through the dayb.All transactions are to be settled within 24 hoursc.Due to geographical dispersal at least one market is active at any point of timed.Minimum 24 hours must elapse before any transaction is settled

The forex market is a 24-hour market

The foreign exchange market is where:Question 7Select one:a.exports and imports are traded.b.exports and imports are interchanged for gold bullion.c.different currencies are bought and sold.d.companies organise their foreign long-term financing.

There are fixed opening and closing prices for the forex market each day.

Which statement is correct?Question 7Select one:a.Transactions in FX market can be executed 24 hours a day b.Forward transaction represents a commitment to deliver or buy currency at some future date at the price established at that datec.Forward transaction represents only the right but not the commitment d.According to the spot transaction arrangements, exchange rate is established today for the delivery in three business days from todaye.Tom transaction represents an exchange of foreign currency for the domestic stock with settlement and delivery tomorrow