If two parties agree to exchange U.S. dollars for Japanese yen, this agreement i

ID: 2626990 • Letter: I

Question

If two parties agree to exchange U.S. dollars for Japanese yen, this agreement is called a:

Gilt

Swift

LIBOR

Swap

Samurai Trade

A U.S. company has excess cash earned in Italy. To convert these funds to USD, they would access the:

Euroband Market

National Discount Window

FOREX

Bank Discount Window

ADR Market

The price of a foreign currency expressed in U.S. dollars is called a(n):

Exchange Rate

Cross Rate

Swap Rate

USD Rate

Foreign Rate

If two traders agree to exchange currencies tomorrow based on the exchange rate today, which exchange rate will apply?

Spot Exchange rate

Cross Rate

Currency Rate

Future Exchange rate

Forward Exchange rate

Two traders agree today to exchange currencies in six months. This is considered a:

Forward Trade

Spot Trade

Currency Swap

Floating Swap

Triangle Exchange

Which of the following pairs matches the nickname of the foreign bond with the country of issue?

Samurai-china

Western- united states

bulldog- france

empire- united kingdon

rembrandt- netherlands

Explanation / Answer