Question: Which statement is correct? Select one: a. Transactions in FX market can be executed 24 hours a day b. Forward transaction represents a commitment to

Which statement is correct? Select one: a. Transactions in FX market can be executed 24 hours a day b. Forward transaction represents a commitment to deliver or buy currency at some future date at the price established at that date C. Forward transaction represents only the right but not the commitment d. According to the spot transaction arrangements, exchange rate is established today for the delivery in three business days from today e. Tom transaction represents an exchange of foreign currency for the domestic stock with settlement and delivery tomorrow

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