A Forward Exchange Rate Is the Exchange Rate Agreed to Today

question 9

True/False

A forward exchange rate is the exchange rate agreed to today for future (forward) deliver of a currency.

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Definitions:

Permafrost

Permanently frozen layer of soil and rock occurring beneath the Earth's surface.

Biome

A large naturally occurring community of flora and fauna occupying a major habitat, e.g., forest or tundra.

Arctic Circle

The most northerly of the five major circles of latitude that mark maps of the Earth, defining the boundary of the Arctic region.

Conifers

Trees and shrubs that bear cones and typically have needle-shaped or scale-like leaves, such as pines and cedars.