题目内容

A foreign currency put option gives the purchaser the right, not the obligation, to buy a given amount of foreign exchange at a fixed price per unit for a specified period.

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Both covered and uncovered interest arbitrage are risky operations in the sense that the returns are unknown until all transactions are complete.

When the cross rate for currencies offered by two banks differs from the exchange rate offered by a third bank, a triangular arbitrage opportunity exists.

$20/£ is an example of an American term foreign exchange quote

Which of the features does not belong to that of forfaiting?

A. without recourse to the seller
B. carrying medium or long- term maturities
C. discounting export receivables
D. financing all debt

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