The forward market is:
a. a market that exists only in one place at one time.
b. when a person borrows to speculate in the market.
c. purchases and sales of currencies for delivery at a later time-up to a year.
d. the rate of exchange quoted during the next business day.
Ans: b. when a person borrows to speculate in the market.
You might also like to view...
Which part of this definition for GDP is incorrect? GDP measures the
a. Market value of, b. All final and intermediate goods and services, c. Produced, d. By domestically owned or foreign-owned resources, e. Within nations' geographic borders.
If the Fed _____________________, the money supply will ultimately __________
A) raises the discount rate relative to the federal funds rate; decrease B) lowers the discount rate relative to the federal funds rate; increase C) lowers the discount rate relative to the federal funds rate; decrease D) raises the discount rate relative to the federal funds rate; increase E) a and b