Exchanging one currency - Study guides, Class notes & Summaries

CQIB Study Cards Questions With 100% Correct Answers Which regulator makes and enforces rules which govern the capital adequacy of Australian Banks? -Answer-The Australian Prudential Regulation Authority - APRA What events occurred in the Banking Industry in 1800s and early 1900s? -Answer-First Bank in Australia was Bank of NSW, Established in 1817 Sydney. Discovery of gold in 1851 led to minting of Australia's own gold coins spurring development of Banking. Boom in Australian property ...

Anti-Money Laundering Programs with complete solution High Risk Business - ANSWER-1. Money Changers, Money Remitters, Casinos, Betting Houses 2. Offshore Corporations/Banks, Tax Havens 3. Car, Boat, Used Car Dealerships 4. Travel Agents, Brokers/Dealers 5. Precious Metals, Precious Stone Dealers 6. Cash intensive businesses 7. Import/Export Corporations 8. Transactions with High Risk/NCCT countries 9. Bank Secrecy Heavens Money Changers - ANSWER-a person whose business is the exchang...

CQIB Study Cards Questions With 100% Correct Answers Which regulator makes and enforces rules which govern the capital adequacy of Australian Banks? -Answer-The Australian Prudential Regulation Authority - APRA What events occurred in the Banking Industry in 1800s and early 1900s? -Answer-First Bank in Australia was Bank of NSW, Established in 1817 Sydney. Discovery of gold in 1851 led to minting of Australia's own gold coins spurring development of Banking. Boom in Australian property ...

CQIB Exam Study Guide | 100% Correct Answers | Verified | Latest 2024 Version Which regulator makes and enforces rules which govern the capital adequacy of Australian Banks? - The Australian Prudential Regulation Authority - APRA What events occurred in the Banking Industry in 1800s and early 1900s? - First Bank in Australia was Bank of NSW, Established in 1817 Sydney. Discovery of gold in 1851 led to minting of Australia's own gold coins spurring development of Banking. Boom in Austra...

QUIZ 1 1. When money prices are used to facilitate comparisons of value, money is said to function as a ________. Select one: a. medium of exchange. b. payments-system ruler. c. store of value. d. unit of accounT 2. Budget deficits are important because deficits Select one: a. always cause interest rates to fall.2xx? b. cause bank failures.??? c. always cause prices to fall. d. can result in higher rates of monetary growth. 3. Introduction of checks into the payments system...

Lot Size - ANSWER-What traders use to determine how much money per pip one wants to make. To convert Lot Size into $$$ - Lot Size X 10 = Actual amount per Pip. Example: (Lot Size) 0.01 X 10 = $0.10 per Pip Pip - ANSWER-The smallest change in value for any given Forex source Entry point - ANSWER-The level or price at which a trader enters into a trade (buy/sell) Stop loss order - ANSWER-An order that you place with your FX broker and CFD Broker in order to sell a security when i...

FIN 470 Exam #1 Practice Questions and Answers What entities in the Federal Reserve System Set the Discount Rate? - Ans:-The directors of the 12 district banks set the discount rate and decide which banks can obtain discount loans. What entities in the Federal Reserve System Set the Reserve Requirement? - Ans:-The 7 member Board of Governors (who are elected by the president) set the reserve requirement. What entities in the Federal Reserve System Conduct Open Market Operations? - Ans:-The...

INTERNATIONAL BUSINESS CHAPTER 10 EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Foreign Exchange Risk Correct Answer: The adverse consequences of unpredictable changes in exchange rates that can affect business deals. For example, major inflation/deflation Exchange Rate Correct Answer: The rate at which one currency is converted into another. Exchange rates are explained through the value of another currency Strongest World Currencies Correct Answer: US Dollar...

Forex trading - ANSWER-1. Simultaneous exchanging of one currency for another 2. No physical location or central exchange 24hr trading Customers - ANSWER-1. Corporation, hedge funds, mutual funds, pension funds, central banks 2. Trade with a dealer Dealers - ANSWER-1. Mostly large banks take customer orders 2. Make markets from owned inventory Inter dealer market - ANSWER-1. Direct dealing - dealer to dealer (Phone, electronically) 2. Indirectly (Inter dealer brokers (phone, electro...

What is Forex and how is it quoted - ANSWER-*simultaneous exchanging of one currency for another *Currencies are always priced in pairs - Most currencies are quoted in European terms, ie amount of fx per $1 » The USD is the base currency (always $1) (the denominator) and the second is the counter or quote currency or variable amount (the numerator) » The base is always quoted first as in dollar-yen or dollar swissie Where is Forex traded - ANSWER-No physical location or central exch...