Iam stuck on this and behind i will give 50 points
1. which type of forms and other documents would you need in order to open a checking or banking account? describe two examples.

2. what is a stock market bubble? what causes a bubble? why does a crash generally follow a bubble?

3. what is meant when one currency rises against another currency? how might europeans vacationing in the united states benefit when the euro is rising against the dollar?

4. what is one cost and one benefit of online banking, and one cost and one benefit of traditional banking? which type of banking would you prefer? why?

5. what are two differences between futures contracts and forward contracts?

1) These forms can be a state ID, Social Security card, passport or birth certificate

2) A bubble is a rapid escalation of asset prices followed by a contraction, often created by a surge in asset prices that is fundamentally unwarranted. When a bubble bursts, many people lose much profit of the dealings of them, which brings the economy down into a crash.

3) When the currency in one country rivals and is worth greater than another, The Europeans have money that may be worth much more in the US, so they will get the best value for their vacation.

4) For online banking, it's fast, but it may not be reliable as their are many technical glitches in bank systems. For traditional banking, it's reliable, but it's not fast and may be out of the way. It's basically up to you to decide your preferred banking... if your impatient, go with online, but if you want to ease all your problems the methodically, slow way, go traditional, but it's up to you.

5) Futures Contracts are highly standardized whereas the terms of each Forward Contract can be privately negotiated. Futures are traded on an exchange whereas forwards are traded over-the-counter. Forward Contract Settlement can occur on a cash or delivery basis. Forward Contracts do not trade on a centralized exchange and are therefore regarded as over-the-counter (OTC) instruments.

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