In a standard forward terminology, "Pips" stands for
A) vulture profit seekers.
B) the last two digits of the typical forward rate.
C) a difference between the swap and forward rate.
D) a difference between the swap and the spot rate.
Correct Answer:
Verified
Q30: What are some of the reasons central
Q41: TABLE 5.1 Q42: TABLE 5.1 Q49: Define spot, forward, and swap transactions in Q51: For arbitrage opportunities to be practical, Q52: The U.S. dollar suddenly changes in value Q57: The foreign exchange market has expanded significantly Q58: If the direct quote for a U.S. Q60: A/an _ quote in the United States Q61: Foreign exchange quotes are often confusing. Define
A) participants
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