Multiple Choice
A common type of swap transaction in the foreign exchange market is the ________ where the dealer buys the currency in the spot market and sells the same amount back to the same bank in the forward market.
A) "forward against spot"
B) "forspot"
C) "repurchase agreement"
D) "spot against forward"
Correct Answer:
Verified
Correct Answer:
Verified
Q20: Most foreign exchange transactions are through the
Q21: A spot transaction in the interbank market
Q22: The United Kingdom and United States together
Q23: Dealers in foreign exchange departments at large
Q24: The top three currency pairs traded with
Q26: When the cross rate for currencies offered
Q27: A _ transaction in the interbank market
Q28: A German firm is attempting to determine
Q29: NDFs are traded and settled inside the
Q30: Nondeliverable Forwards were originally envisioned as a