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Foreign currency instruments are the contracts that the buyer and seller enter into when they exchange currencies.
Do NOT capitalize your answers.
A contract to deliver currencies immediately is called a ___ contract.
A contract to deliver currencies at a specified date in the future is called a ___ contract.
A contract to accept (or make) delivery of a currency at a specified price on or before a specified due date is called a ___ contract.
A simultaneous purchase and sale of identical amounts of one currency for another with two different value dates is called a foreign exchange ___.