The transaction where the exchange of currencies takes place two days after the date of the contract is:Select one:a.Ready transactionb.Value todayc.Spot transactionsd.Value tomorrow

A transaction in which the currencies to be exchanged the next day of the transaction is known asSelect one:a.Ready transactionb.Value todayc.Spot transactionsd.Value tomorrow

A forward currency transaction:Select one:a.Is Always At A Premium Over The Spot Rateb.Means That Delivery And Payment Must Be Made Within One Business Day (Usa/Canada) Or Two Business Days After The Transaction Datec.Calls For Exchange In The Future Of Currencies At An Agreed Rate Of Exchanged.Sets The Future Date When Delivery Of A Currency Must Be Made At An Unknown Spot Exchange Rate

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

In the foreign exchange market, a spot transaction entails thea.the transfer of bank deposits at a predetermined later period.b.the trading of exports and imports at a predetermined time in the futurec.a prompt (within two days) export-import interchanged.an immediate (within two days) bank deposit swap

Why is it important to look at the date on a posted currency exchange chart?Exchange rates change daily.Currency can only be exchanged on certain days.There is a deadline for exchanging currency.Exchange rates depend on the day of the week.