What is the name of the foreign bank account that a trader maintains in a foreign bank and from which they would request transfer of currency to the account of another trader with whom they have concluded a transaction?
A) nostro account
B) short sale account
C) settlement account
D) interbank account
Correct Answer:
Verified
Q4: overwhelming majority of foreign exchange transactions involve
A)multinational
Q5: Traders on the foreign exchange market use
Q6: The spot and 30-day forward rates for
Q7: world's largest currency trading market is
A)New York
B)Frankfurt
C)Tokyo
D)London
Q8: When exchange rates are quoted as the
Q10: Suppose the spot direct quotes for the
Q11: The risk that a central bank will
Q12: Suppose it is 1990 and the spot
Q13: Suppose pound sterling is quoted at $1.4419-36,and
Q14: international currency transactions are conducted by
A)major banks
B)arbitrageurs
C)speculators
D)hedgers
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