Which one of the following arguments is TRUE? a. The primary motive of foreign exchange activities by most central banks is profit. b. The European and American terms for foreign currency exchange are square roots of one another. C. A spot transaction in the interbank market for foreign exchange would typically involve a two-day delay in the actual delivery of the currencies, while such a transaction between a bank and its commercial customer would not necessarily involve a two-day wait. d. Treasuries seek to profit from trading in the market itself rather than having the foreign exchange transaction being incidental to the execution of a commercial or investment transaction.

Which one of the following arguments is TRUE? a. The primary motive of foreign exchange activities by most central banks is profit. b. The European and American terms for foreign currency exchange are square roots of one another. c. A spot transaction in the interbank market for foreign exchange would typically involve a two-day delay in the actual delivery of the currencies. while such a transaction between a bank and its commercial customer would not necessarily involve a two-day wait. d. Treasuries seek to profit from trading in the market itself rather than having the foreign exchange transactionbeing incidental to the execution of a commercial or investment transaction