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Author Question: A(n) ________ is a right to exchange a specific amount of a currency on a specific date at a ... (Read 172 times)

c0205847

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on: Jul 7, 2018
A(n) ________ is a right to exchange a specific amount of a currency on a specific date at a specific rate.
 
  A) forward contract
  B) currency option
  C) currency hedging
  D) interest arbitrage

Question 2

If Sally sees a quote of 117.87/, she should know that ________.
 
  A) the yen is the base currency here
  B) this is a direct quote on the dollar
  C) this is a direct quote on the yen
  D) the quote is in U.S. dollars


Tonyam972

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Reply #1 on: Jul 7, 2018
Answer to Question 1

Great help.

Answer to Question 2

C


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