____________ are traded in a forward contract for standardized currency amounts and traded only on selected calendar dates.

Question

Quizplus · Accepted Answer

Foreign exchange futures are traded in a forward contract for standardized currency amounts and traded only on selected calendar dates. Spot rate transactions refer to immediate currency exchanges at the current market rate. Forward premium and forward discount currencies are terms used to describe the difference between the current spot rate and the forward rate for a currency, but they do not refer specifically to a type of trading contract.

____________ Are Traded in a Forward Contract for Standardized Currency