Forward Rate Can Best Be Defined As

question 135

Multiple Choice

Forward rate can best be defined as:

• A) An agreement to trade currencies based on the exchange rate today for settlement in two days.
• B) The exchange rate used on trading currencies.
• C) An agreement to exchange currency at some time in the future.
• D) The agreed upon exchange rate to be used in a forward trade.
• E) The idea that the exchange rate adjusts to keep purchasing power constant among currencies.

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