It is Tuesday,27 March 201X,and an Australian importing company has to pay a US exporter USD 75 000 within the next six weeks.The company enters into a forward exchange contract with an FX dealer for 'one month forward delivery' of USD.On what date will value settlement occur?
A) 29 March 201X
B) 27 April 201X
C) 29 April 201X
D) 30 April 201X
Correct Answer:
Verified
Q55: In the FX markets,the spot exchange rate
Q56: In the FX markets a forward transaction
Q57: In general,the spread for retail transactions is:
A)
Q58: Which of the following statements in relation
Q59: For a FX quote of AUD/GBP0.6250-53 has
Q61: The _ quote is the number of
Q62: The _ quote is the number of
Q63: If interest rate parity holds,the currency of
Q64: An indirect exchange rate can be converted
Q65: The convention in the FX markets is
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