The Use of an Exchange Rate Forward Contract Assures the FI

question 23

True/False

The use of an exchange rate forward contract assures the FI of the opportunity to buy (or sell) the foreign currency at a future time at a known price.

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Rehearsal

The conscious repetition of information, either to maintain it in consciousness or to encode it for storage.

Persistence

The continued effort toward a goal despite obstacles or challenges.

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