An Exchange Rate That Is Agreed Now and Delivered in Two

question 70

Multiple Choice

An exchange rate that is agreed now and delivered in two days' time is known as a:

• A) futures rate.
• B) spot rate.
• C) forward rate.
• D) swap rate.

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Definitions:

Vitamins

Organic compounds that are essential in small quantities for the body's normal growth and activity.

Diet

The kinds of food that a person, animal, or community habitually eats, often tailored for health, religious, ethical, or weight-control reasons.

Minerals

Naturally occurring inorganic substances with a definite chemical composition and crystalline structure, essential for human health.