Exam 4: Foreign Exchange and Monetary Systems

_________ is the smallest unit by which a currency quotation can change.

During BWS, value of USD was fixed at 1-ounce gold is equal to USD______________

_________ theory states that the exchange rate between currencies of two countries should be equal to the ratio of the countries price levels.

An account which is held within a domestic country by a foreign bank, in the currency of domestic country _________________

In ____________ president Nixon announced that dollar would no longer be convertible into gold.

Holgate principle, if bid > Ask, Swap points for forward rate are to be_________

Under _______ monetary unit is associated with the value of circulating gold coins.

In Spot market, exchange of currencies take place on ___________

_________ is market where foreign currencies are bought and sold.

G -10 Countries included all of the following, except ____________

Spot rate is also called as ________________

If USD SGD 1.5423/33; SGD GBP 0.3323/33; GBP USD quotation is __________________

SBI Account with HSBC in Uk is an example of ___________

Inverse quote for USD / DKK 5.7935 - 5.8085 is _________________

Under ____________ there is no interference of monetary authorities to decide exchange rate.

Inverse quote for "1GBP = 99.1100/9900 INR is INR GBP____________

In Smithsonian Agreement, the variation zone was increased from 1% to ____________ %'

_________ deal in currencies to benefit from movements in currency exchange markets.

__________ is real time gross settlement funds transfer system operated by the United states Federal reserve banks.

Bretton woods is a town in _________________ in US