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

• Gilt

• Swift

• LIBOR

• Swap

• Samurai Trade

• 2.

  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

• 3.

  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

• 4.

  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

• 5.

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

• Forward Trade

• Spot Trade

• Currency Swap

• Floating Swap

• Triangle Exchange

• 6.

  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