Forward exchange rate is the exchange rate governing_________ exchange transactions.A.
A.forward
B.present
C.backward
D.future
A.forward
B.present
C.backward
D.future
In forward exchange facilities, the bank may compensate itself______.
A.through the forward exchange market
B.by selling a lot of home currency
C.by balancing a forward purchase from one customer with a forward sale to another
D.both A and C
A.True
B.False
A forward exchange rate can move for two reasons: (1) because the spot rate moves, and (2) ______.
A.because of changes in interest rate which affect the forward rates
B.because of changes in interest rate which affect the forward differential
C.for the changes in interest rate affect the forward rates
D.because of changes in interest rate which affect the spot rates
What does "in exchange for" (Line 7) mean?
A.Paying for.
B.Getting in return.
C.Looking forward to.
A.Export of goods priced in RMB
B.Import of goods priced in RMB
C.Import of goods priced in a foreign currency
D.Export of goods priced in a foreign currency where the rate of exchange has been agreed in the sales contract
A.a contract of international sale of goods
B.a contract of marine insurance
C.a forward contract to fix the exchange rate in advance
D.a contract for the delivery of goods by instalments
A.1.2523
B.1.2492
C.1.2532
D.1.2456