SIE - Securities Industry Essentials Exam
Training Mode
A customer wants to exchange her US Dollars for Euros. What will determine how many Euros she receives for her Dollars?
The interest rate differential between the 2 central banks - the Federal Reserve and the ECB
A
The nearby euros futures contract
B
The spot forex exchange rate
C
The amount of euros received will depend on the equity market conditions on the major European exchanges such as the CAC & FTSE
D