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ESP231

TermDefinition
The market in which currencies are bought and sold and in which currency prices are determined is called the …............... foreign exchange market
The practice of insuring against potential losses that result from adverse changes in exchange rates is called ….............. currency hedging
….............. is the instantaneous purchase and sale of a currency in different markets for profit currency arbitrage
….............. is the purchase or sale of a currency with the expectation that its value will change and genertate a profit currency speculation
In a quoted exchange rate, the currency with which another currency is to be purchased is called the ….............. quoted currency
In a quoted exchange rate, the currency that is to be purchased with another currency is called the ….............. base currency
The exchange rate requiring delivery of the traded currency within two business days is called the ….............. spot rate
The exchange rate at which two parties agree to exchange currencies on a specified future date is called the ….............. forward rate
….............. is a contract requiring the exchange of an agreed-upon amount of a currency on an agreed-upon date at a specific exchange rate. forward contract
A ….............. is the simultaneous purchase and sale of foreign exchange for two different dates currency swap
Currency that trades freely in the foreign exchange market, with its price determined by the forces of supply and demand is called a ….............. convertible currency
OR Currency that trades freely in the foreign exchange market, with its price determined by the forces of supply and demand is called a ….............. hard currency
An international monetary system in which nations linked the value of their paper currencies to specific values of gold was called the….............. gold standard
A system in which the exchange rate for converting one currency into another is fixed by international agreement is called a ….............. fixed exchange rate system
The ….............. was an accord among nations to create a new international monetary system based on the value of the US dollar Bretton Woods Agreement
The agency created by the Bretton Woods Agreement to provide funding for national economic development efforts is called the ….............. World Bank
The ….............. was the agency created by the Bretton Woods Agreement to regulate fixed exchange rates and enforce the rules of the international monetary system. IMF
An exchange rate system in which currencies float against one another with governments intervening to stabilize currencies at a particular target exchange rate is known as a ….............. managed float system
….............. is an exchange rate system in which currencies float freely against one another, without governments intervening in currency markets free float system
The exchange rate at which the bank will buy a currency is called a ….............. buy rate
A ….............. is called the exchange rate at which the bank will sell a currency ask rate
A ….............. is a right, or option, to exchange a specific amount of a currency on a specific date at a specific rate currency option
A ….............. is a contract requiring exchange of a specific amount of currency on a specific date at a specific rate with all of those conditions and not adjustable currency futures contract
Created by: mpppp
 

 



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