1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
asambeis [7]
3 years ago
6

The risk that a central bank will not make the necessary transfer of foreign currency to complete a currency settlement is known

as ________ risk. Group of answer choices settlement exchange rate Interest-rate Herstatt
Business
1 answer:
motikmotik3 years ago
4 0

Answer:

Herstatt.

Explanation:

The risk that a central bank will not make the necessary transfer of foreign currency to complete a currency settlement is known as herstatt risk.

Herstatt risk is also known as cross-settlement risk or settlement risk. It was named after Bankaus Herstatt (a German bank) that failed in June 1974 when it was supposed to settle a contract for a payment received from the other party and consequently, amounting to a loss of about $602,000,000.

Hence, is mainly a loss in foreign exchange transactions where a party defaults after receiving money from another.

You might be interested in
What were the most important factors that led to the midwest becoming known as the rust belt?
ICE Princess25 [194]
The Rust Belt became an industrial hub due to its proximity to the Great Lakes, canals, and rivers, which allowed companies to access raw materials and ship out finished products. These were the most important factors.
5 0
2 years ago
Grandma's Bakery wants to begin selling gluten-free products and vegan products. The C-Suite executives have made the decision a
8_murik_8 [283]

Answer:

The correct answer is letter "B": functional managers.

Explanation:

Functional managers are those in charge of carrying out the operations of a business. These types of executives receive orders from the company's owners -stakeholders- after an analysis of what course the firm should take according to current market conditions so the managers can implement the plan in the organization's activities.

6 0
3 years ago
The forces of love, affection, guilt, fear, or passion that compel consumers to buy
barxatty [35]

Answer:

food

Explanation:

what is the question

6 0
2 years ago
Purposes of calculating the variances in a cash Budget
Vitek1552 [10]

<span>Variances allow the business owner to supervise their business better by taking well-versed decisions based on how the business really performed against the budgeted performance. Additionally, it also highlights reasons or different causes for the disparity in the projected income or expenses.</span>

3 0
3 years ago
Which of these might result in the government passing a law preventing
navik [9.2K]
The answer is C. Lobbying
4 0
3 years ago
Other questions:
  • When a furniture manufacturer buys the lumber and other raw materials, machines and equipment, manufacturing supplies, and offic
    15·1 answer
  • makes handheld calculators in two​ models: basic and professional. estimated of manufacturing overhead and machine hours for the
    15·1 answer
  • _______ is the only state to have adopted a single-payer health plan.
    13·2 answers
  • Solving for rates what annual rate of return is earned on a $2,800 investment when it grows to $6,100 in eleven years?
    14·1 answer
  • Davidson Electronics has the following: Units Unit Cost Inventory, Jan. 1 5,000 $ 8 Purchase, April 2 15,000 10 Purchase, Aug. 2
    12·1 answer
  • On July 1, based on prior experience, Rocky estimated there is a 40% chance it will earn the bonus for July tours. It guided a t
    7·1 answer
  • Rodriguez, Inc., is preparing its direct labor budget for 2020 from the following production budget based on a calendar year. Qu
    15·1 answer
  • A policy that changes the natural rate of unemployment changes: a. neither the long-run Phillips curve nor the long-run aggregat
    6·1 answer
  • When is a lower annual interest rate better than a low annual fee?
    7·1 answer
  • The buyer of a put expects the price of the underlying stock to rise. <br><br> a. true <br> b. false
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!