MrBlack Has Agreed to a Currency Exchange with Mr

question 41

Multiple Choice

Mr.Black has agreed to a currency exchange with Mr.White.The parties have agreed to exchange C$12,500 for $10,000 with the exchange occurring 4 months from now.This agreed-upon exchange rate is called the:

• A)spot rate.
• B)swap rate.
• C)forward rate.
• D)parity rate.
• E)triangle rate.

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Definitions:

Personality Test

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