Cryptocurrency Q&A
Which of the following is a major foreign exchange instrument?
Which of the following is a major foreign exchange instrument?
Raffaele
Thu Jan 30 2025
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7
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I am trying to identify a major foreign exchange instrument from a list of options. I need to know which one is commonly used in foreign exchange transactions.
7 answers
KatieAnderson
Sat Feb 01 2025
Option d is correct when determining the comprehensive list of major foreign exchange instruments.
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Dario
Sat Feb 01 2025
The explanation for this lies in the variety of instruments used in foreign exchange markets.
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SamuraiWarrior
Sat Feb 01 2025
Spot contracts are one such instrument, allowing for the immediate exchange of currencies at the current market rate.
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Andrea
Fri Jan 31 2025
Futures contracts, on the other hand, involve an agreement to buy or sell a currency at a specified future date and price.
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BlockProducer
Fri Jan 31 2025
Forward contracts share similarities with futures but are typically not traded on exchanges and are customized between two parties.
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