________________ Will Tell You the Price of Agreeing Today to Take

question 341

Multiple Choice

________________ will tell you the price of agreeing today to take delivery of $1US 60 days from now.

• A) The cross-rate.
• B) The spot exchange rate.
• C) The forward exchange rate.
• D) The London Interbank Offer Rate.
• E) The swap rate.

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Definitions:

Double Coincidence

A situation in barter economies where two parties each possess a good or service that the other desires, enabling an exchange.

Likely

Likely refers to a high probability or chance of something happening or being the case, often used to forecast outcomes based on current trends or evidence.

Evolution Of Money

The historical development and transformation of money from traditional bartering systems to modern digital currencies.

Physical Commodities

Raw materials or primary agricultural products that can be bought, sold, or traded, often through futures contracts.