1)When parity conditons are not in effect in currency and money markets, traders could make extraordinary profits from a practice known as ________

1)When parity conditons are not in effect in currency and money markets, traders could make extraordinary profits from a practice known as ________.

2 Which one of the following would  be the LEAST accurate description of  current global U.S inter-modal trade?

3. When it is said that there exists covered interest arbitrage opportunities, the term "covered" means the arbitrage is hedged against

4. The exchange rate system in which a country allows the value of the currency to be determined by the market forces of supply and demand is known as a 

5. Which one of the following is the most accurate statement about the global foreign exchange markets?

6. A currency ___________ contract between a(n) _____ and the hedger calls for a fixed date, at a fixed exchange rate for a specified amount of one currency against another currency and performance is required legally.

7. _______ is a daily settlement feature of the Chicago Board of Trade's Currency Futures market in which profits and losses are credited every day at the end of trading.

8.Which of the following is the least important  advantage when considering the use of currency futures contracts? 

9. Which of the following is a good example of pre-shipment risk?

10. The _______ for/of foreign currency in Japan is derived from the demand for ___________ by Japanese consumers.