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If the Direct Quote, Forward Exchange Rate Is Lower Than

question 161

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If the direct quote, forward exchange rate is lower than the spot rate, the forward currency is trading at a:


Definitions:

Altruistic

The quality of unselfishly caring for the welfare of others, often at a personal cost.

Mutual

Pertaining to a shared feeling, relationship, or responsibility between two or more parties.

Exchange

The act of giving one thing and receiving another in return.

Exchange Relationships

Interpersonal connections based on reciprocal exchange of benefits or favors.

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