Appendix A
American terms Phrase used in the United States that refers to a direct quotation for U.S. dollars per one unit of the foreign currency.
arbitration Involves a process during which an impartial third party hears the arguments between two parties and reviews any supporting evidence. He or she then decides how the matter should be resolved.
ask Price at which the forex market maker is willing to sell a currency pair, and at which a customer can buy the pair.
at-the-money With forex options, means the strike price of the option equals the price of the currency pair.
balance of payments Measures the flow of money into and out of a particular country to other countries. Pieces of this calculation include a country’s exports and ...

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