Nondeliverable forward exchange markets in centers such as Hong ...

[joe]

Nondeliverable forward exchange markets in centers such as Hong Kong and Singapore help to circumvent which problem?
 
  A) loss of goods shipped from Hong Kong and Singapore
  B) inconvertible currencies cannot be traded in foreign markets
  C) lag between the spot exchange date and the value date
  D) high travel costs from Asia to traditional foreign exchange markets
  E) unstable currencies that hold no purchasing power

Question 2

A forward exchange market contract obligates the owner to make a trade at a specified exchange rate a fixed number of days in the future.
 
  Indicate whether the statement is true or false

[aliotak]

Answer to Question 1

B

Answer to Question 2

TRUE

[joe]

Excellent

[TheDev123]

Thanks for the timely response, appreciate it