Every time a firm changes cash from one currency into another currency it must bear a(n) （ ）.
A: transaction cost
B: audit
C: transfer fee
D: tax
A: transaction cost
B: audit
C: transfer fee
D: tax
举一反三
- One of the is sues that have to be resolved in an export transaction is the currency to（）in the payment clause.
- The price of one country's currency in units of another currency or commodity is the ________. A: foreign interest rate B: foreign currency exchange rate C: par value D: international rate
- The<br/>immediate (two-day) exchange of one currency for another is a A: forward<br/>transaction. B: spot<br/>transaction. C: money<br/>transaction. D: exchange<br/>transaction
- The principal<br/>functionof foreign exchange markets isthe transfer of funds<br/>orpurchasing power from one nation and currency to another. ()
- Which one of the following is not one of the types of foreign currency derivative used to hedge foreign currency risk? A: Currency futures B: Currency options C: Currency default swaps D: Currency swaps