Futures markets are able to provide the price discovery function because:
I). spot prices and futures prices are unrelated
II). a relationship exists between spot and futures prices
III). futures prices allow forecasts of future spot prices
Which of the following transactions belong to the current account?
I). Unrequited transfers.
II). Purchase of a foreign company.
III). Income from foreign investments.
A dataset of 105 observations is organized in a relative frequency distribution into 9 classes. The sum of the relative frequencies across all the classes equals ________.
Which of the statements is true?
When a U.S. bank buys foreign stock shares, puts them in a trust and resells trust units, the shares become known as?
