Currency and bank deposits that are denominated in foreign money ...

[jrubin]

Currency and bank deposits that are denominated in foreign money are called:
 a. traveler's checks.
  b. international funds.
  c. foreign exchange.
  d. foreign remittances.
  e. international bonds.

Question 2

Which of the following correctly describes a foreign exchange market?
 a. A place where foreign goods are bought and sold in any country
  b. A market in which foreign tourists can buy domestic goods
  c. A global market in which people exchange one currency for another
  d. A place where contracts to deliver agricultural products across countries are exchanged
  e. A market where the central banks of different countries exchange government bonds

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Answer to Question 1

c

Answer to Question 2

c

[jrubin]

Correct answers!

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