Between Two Major Currencies, the Spot Exchange Rate Is the Rate

question 12

Multiple Choice

Between two major currencies, the spot exchange rate is the rate and the forward exchange rate is the rate .

• A) at some specified future date; today
• B) on that date; at some specified future date
• C) today; on that date
• D) on that date; today

---

Definitions:

Quantity Supplied

The extent of a good or service that merchants are willing and have the capacity to offer at a pre-determined price.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service suppliers are willing to offer for sale at various prices.

Price of Sugar

The cost at which sugar is sold or bought in the market.

Cookies

Small pieces of data stored by a web browser that track, personalize, and save information about each user's session on a website.