On September 26, 2019, you see the following currency quotes: Bid Ask USD/EUR 1.0929 1.0933 The ask price for dollars in European terms is: O 0.9147 01.0933 O 1.0929 O 0.9150 Which of the following statements about the currency forward market is incorrect? O The forward market for FX involves agreements to buy and sell foreign currencies in the future. O Only maturities of 1,3,6,9, and 12 months are available. O It is an OTC market. O The transaction price is agreed upon today. Mike lives in the US and purchases MXN20,000 from his local bank to be sent to his family in Mexico. The local bank does not have any operations in Mexico so seeks the help of international bank A, which operates in both the US and Mexico, Mike's family works with Mexican bank B. If international bank A sends MXN20,000 to Mexican bank B using their correspondent banking relationship, which of the following statements is correct? Bank B's liability to Mike's parents will decrease by MXN20,000 O Bank As deposit at B will increase by MXN20,000, Bank AS liability to Mike will increase by MXN20,000, Bank B's liability to Bank A will decrease by MXN20,000