The largest volume of foreign exchange trading takes place in ?

Related Mcqs:

Which financial instrument provides a buyer the right to purchase or sell a fixed amount of currency at a prearranged price, within a few days to a couple of years ?

A. letter a credit B. foreign currency option C. cable transfer D. bill of exchange...

If the bank is selling francs for $0.45, then what is the implied franc price of the dollar ?

A. 2.0 B. 1.999 C. 2.323 D. 2.222...

Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costs are called ?

A. differential actions B. cash transaction C. arbitrage D. forward transactions...

The essential feature of a _______ is that it immediately fixed the rate at which a specified amount of one currency is to be delivered in exchange for a specific amount of another at a future date ?

A. forward contract B. spot contract C. money contract D. bid contract...

If the exchange rate is 11 Mexican pesos per U.S dollar, then it takes _______ to buy 1 peso?

A. $0.0909 B. $0.1002 C. $0.2826 D. $1.1024...