Unit 5: foreign exchange

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 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