Section One Directions: In this
section, you will hear ten short statements. Each statement will be spoken only
once. After each statement, there will be a pause. During the pause, you must
read the four suggested answers marked A, B, C and D, and decide which is the
best answer. Then mark the corresponding letter on the ANSWER SHEET with a
single line through the center.
A.Forward transactions is not of typical foreign exchange transactions. B.Typical foreign exchange transactions occur in the spot or cash market. C.Forward transactions don’t occur in the spot or cash market. D.Typical foreign exchange transactions occur only in the spot market.