Skills questionnaire

Bank Account, Foreign Exchange (topic 1 of 5)

1. What do we mean by Bank Account?



2. What do we mean by "Foreign Exchanges"?



3. What do we mean by IBAN Code?



4. What do we mean by "current account credit"?



5. What are the main costs of a bank account?



6. What is the difference between credit cards and debit cards?



7. What do we mean by spot FX?



8. What does forward FX entail?



9. What is a Currency SWAP contract?



10. What are the components of a Currency SWAP contract?