Outright Forward Transactions Involve the Exchange of Currency on a Future

question 9

Multiple Choice

Outright forward transactions involve the exchange of currency on a future date beyond two business days at a fixed exchange rate, known as the ________.

• A)spot rate
• B)forward rate
• C)option rate
• D)reverse transaction rate

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Definitions:

Basic To Survival

Fundamental needs or activities that are essential for an entity's continued existence and prosperity.

Safety Needs

Second level in Maslow's hierarchy of needs, regarding an individual's requirement for security, protection, and stability in their environment.

Health Insurance Policy

A contract that requires an insurer to pay some or all of a person’s healthcare costs in exchange for a premium.

Physiological Needs

Basic human requirements for survival, such as food, water, shelter, and sleep, situated at the bottom of Maslow's hierarchy of needs.