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Uu it and reply Download Save to OneDrive Accessibility Mode Print & Immersive Reader 1) Which of the following is a correct statement? A) The foreign exchange market is a three-tiered market B) There are one-letter codes for all currencies C) In a forward transaction, people agree to transact at the spot rate. D) None of the above 2) The foreign exchange market closes A) never B) 4:00 p.m. EST (New York time). C) 4:00 p.m. GMT (London time). D) 4:00 p.m. (Tokyo time). 0.99. It means that: 3) Suppose that the current exchange rate is /$ A) 1.00 = $0.99 B) $1.00 = 0.99 C) 0.99 = $0.99 D) none of the options 4) An arbitrage is best defined as A) a legal condition imposed by the CFTC. B) the act of simultaneously buying and selling the same or equivalent assets or commodities for the purpose of making reasonable profits. C) the act of simultaneously buying and selling the same or equivalent assets or commodities for the purpose of making certain guaranteed profits. D) none of the options 5) Interest Rate Parity (IRP) tells us A) what the spot exchange rate should be B) what the forward exchange rate should be C) what the cross interest rate should be D) None of the above "GIVE FEEDBAC Ashmita Khasnabish (Ph.D.)