Multiple Choice
Concerning foreign exchange trading, a "forward contract"
A) has no defined expiration date at which settlement must occur.
B) has contract costs based on the brokerage fees for sell and buy orders.
C) is issued by a major commercial bank, like Citibank or Barclays.
D) is traded on IMM's market floor.
Correct Answer:
Verified
Correct Answer:
Verified
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