Author Question: International transactions between two currencies other than the U.S. dollar often use the dollar as ... (Read 83 times)

dmcintosh · **on:** Jul 7, 2018

International transactions between two currencies other than the U.S. dollar often use the dollar as a vehicle currency.

Indicate whether the statement is true or false

Question 2

An exchange rate requiring delivery of the traded currency within two business days is called a cross rate.

Indicate whether the statement is true or false

Question 3

If an individual is traveling to another country and wants to exchange currencies at his bank before departing, he will be quoted the spot rate since he is exchanging on the spot.

Indicate whether the statement is true or false

Question 4

Forward rates represent the expectations of currency traders and bankers regarding a currency's future spot rate.

Indicate whether the statement is true or false

Question 5

The process of aggregating the currencies that one bank owes another and then carrying out the transaction is called clearing.

Indicate whether the statement is true or false

Question 6

Identify and explain the types of currency instruments used in the forward market.

What will be an ideal response?

zacnyjessica · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

Here to give you a feedback, your answer was right Awesome

Answer to Question 2

I appreciate you answering this question. Great community

Answer to Question 3

Props to you, cheers.

Answer to Question 4

Beautifully done Thanks

Answer to Question 5

wohoo thank youuu.

Answer to Question 6

This is awesome you took your the time to answer these questions. You have been so helpful.