Currency risk can best be defined as the risk that occurs when ________
A) two currencies remain at the same constant rate
B) one currency changes in relation to another currency
C) buyers and sellers disagree over which currency to use
D) fluctuations in the stock market affect exchange rates
B
Business
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Which of the following statements about reciprocal exchanges is (are) true? I. Reciprocal exchanges usually specialize in health insurance. II. Reciprocal exchanges are unincorporated mutual insurance companies
A) I only B) II only C) both I and II D) neither I nor II
Business
The advantages of a fixed-rate mortgage over an ARM include
A) no private mortgage insurance required. B) fixed payments that are easier to budget for. C) less worry about the loan reaching the rate and payment caps. D) none of the above. E) both B and C.
Business