A person needing foreign exchange immediately would purchase it on the spot market.
Correct Answer:
Verified
Q149: If a Citibank dealer expects the Swiss
Q150: Similar to stock and commodity exchanges, the
Q151: The "spread" is a bank's profit margin
Q152: A speculator engages in a short position
Q153: "Futures" currency contracts are issued by commercial
Q155: The euro shows a forward discount against
Q156: A speculator takes a long position by
Q157: Swap transactions among commercial banks involve the
Q158: Foreign-exchange brokers help commercial banks carry out
Q159: If it takes 113.28 yen to buy
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents