Trader A has agreed to give 100,000 U.S. dollars to Trader B in exchange for British pounds based on today's exchange rate of $1 = £0.62

Trader A has agreed to give 100,000 U.S. dollars to Trader B in exchange for British pounds based on today's exchange rate of $1 = £0.62. The traders agree to settle this trade within two business day. What is this exchange called?    A.  swap B.  option trade C.  futures trade D.  forward trade E.  spot trade Refer to section 21.2

12.

George and Pat just made an agreement to exchange currencies based on today's exchange rate. Settlement will occur tomorrow. Which one of the following is the exchange rate that applies to this agreement?    A.  spot exchange rate B.  forward exchange rate C.  triangle rate D.  cross rate E.  current rate Refer to section 21.2

13.	A trader has just agreed to exchange $2 million U.S. dollars for $1.55 million Euros six months from today. This exchange is an example of a:    A.  spot trade. B.  forward trade. C.  currency swap. D.  floating swap. E.  triangle arbitrage. Refer to section 21.2

14.

Mr. Black has agreed to a currency exchange with Mr. White. The parties have agreed to exchange C$12,500 for $10,000 with the exchange occurring 4 months from now. This agreed-upon exchange rate is called the:    A.  spot rate. B.  swap rate. C.  forward rate. D.  parity rate. E.  triangle rate. Refer to section 21.2