C) Cash payments and payments delivered at a specified date

2. Within what time-limit must foreign exchange delivery in case of cash payments be exercised?

A) Within twenty-four hours.

B) Within two days.

C) Within five days.

3. Name a few rules that are followed in the spot market:

a) • The deals made within the two banking days are not subject to charging the money rate of

Interest when delivering the currency.

• The deals made on the basis of computer technology in trade must be confirmed by

E-mail within the next working day.

b) • The money rate of interest is not charged within the two banking days but the foreign

Exchange rate may fluctuate.

≪ The deals made on the basis of computer technology in trade must be confirmed by

E-mail within three days.

c) • The money rate of interest is charged within the two banking days when delivering the

Currency.

• The deals made on the basis of computer technology in trade are not bound to be confirmed.

4. We have already found out that spread is of primary consideration in trading foreign currencies.

What is implied by spread?

A) Spread is a percentage profit gained from selling currencies (прибыль, выраженная в

Процентах от объема продаж валют).

B) Spread is a tax on the difference between the rates of buying and selling currencies.