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Forex (FX) is the value of one currency of one country versus value of currency of other country.
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The most traded currency pairs in the world are called the Majors.
Question 3 reset
Which currency pair has a nickname ‘cable’?
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The __________ is the currency that is priced and its amount is fixed at one unit.
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In India, over-the-counter (OTC) market is open from __________
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Banks price large value merchant transactions from interbank rate (IBR).
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For small value transactions, banks publish a standard price for the day called as ________.
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Unlike currency futures market, the settlement in the OTC spot market happens by actual delivery of currency.
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The mechanism of settlement where each counterparty exchange the goods traded on the maturity of contract is called as gross settlement.
Question 10 reset
The mechanism where market participants only settle the difference in value of goods is called as net settlement.

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