St.

Anthony’s TVET College Emdibir

Department of Accounting And Finance
Level 3. Handle Foreign Currency Transactions.
Name -----------------------------------------ID ------------------------sex -----------
1. To pay foreign currency invoices you must have bank accounts and payment documents that
are defined for foreign currency payments.
A. False B. True
2. Fraud is the Risks of Forex Trading.
A. False B. True
3. Payables tracks currency gains and losses in your functional currency caused by exchange rate
fluctuations.

A. True B. False

4. Types of Exchange Rate Entry

A. Manual. B. GL Daily Rates Table Default C. AutoRate D. All

5. Types of Exchange Rates
A. Spot B . GL Daily Rates Table Default C. Manual D. None
6. Forecasts cash needs for payment of invoices that match parameters you enter.
A. Posting Hold Report B. Unrealized Gain / Loss Report, and Realized Gain / Loss
Report C. Cash Requirement Report D. All
7. Significant cash transactions involving in excess of the equivalent of Birr…..
A. 150,000 B. 300,000 D. 200,000 D. All

8. The amount of money in an account that is available for withdrawal or investment

A. Cleared funds B. Currency . C. option D. All

9……………… is a forward contract with standardized terms, including quantities and
settlement dates, that is traded on organized exchanges.
A. foreign currency future B. option C. Cleared funds D. Currency

10. soft currencies such as those of less developed economies, are traded less frequently,
resulting in larger spreads.
A. True B. False
11. Features of travellers' cheque.
A. Safe B. Convenient C. A&B D. None