Unit 3

The market in which currencies are bought and sold and in which currency prices are determined is called the----

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

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

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

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

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

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

The exchange rate at which two parties agree to exchange currencies on a specified future date is called the _____.

_____ is a contract requiring the exchange of an agreed-upon amount of a currency on an agreed-upon date at a specific exchange rate.

A _____ is the simultaneous purchase and sale of foreign exchange for two different dates