Unit 5 ESP231

Unit 5 ESP231

Assessment

Flashcard

English

University

Hard

Created by

Linh Nguyễn

Used 2+ times

FREE Resource

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22 questions

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1.

FLASHCARD QUESTION

Front

  1. The market in which currencies are bought and sold and in which currency prices are determined is called the ________

Back

Foreign exchange market

2.

FLASHCARD QUESTION

Front

The practice of Insuring against potential losses that result from adverse changes in exchange rates is called ________

Back

Currency hedging

3.

FLASHCARD QUESTION

Front

_________ is the instantaneous purchase and sale of a currency in different markets for profit.

Back

Currency arbitrage

4.

FLASHCARD QUESTION

Front

______ is the purchase or sale of a currency with the expectation that its value will change and generate a profit.

Back

Currency speculation

5.

FLASHCARD QUESTION

Front

  1. In a quoted exchange rate, the currency with which another currency is to be purchased is called the _________

Back

Quoted currency

6.

FLASHCARD QUESTION

Front

In a quoted exchange rate, the currency that is to be purchased with another currency is called the __________

Back

Base currency

7.

FLASHCARD QUESTION

Front

  1. The exchange rate requiring delivery of the traded currency within two business days is called the ________

Back

Spot rate

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