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4. is the typical spot delivery date for FX: a. Same day b. 2 days...

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4. is the typical spot delivery date for FX: a. Same day b. 2 days c. 1 day d. 3 days ANS: 5. In order to engage in a forward fx transaction, one would need at least the following: a. Direction (buyer or seller) b. Price C. Date d. Amount e. B and C only f. All of the above ANS: 6. A direct quote is a home currency price of a unit of a foreign currency a. True b. False

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