A(n)________ Is the Right but Not the Obligation to Buy

question 2

Multiple Choice

A(n) ________ is the right but not the obligation to buy or sell a foreign currency within a certain time period or on a specific date at a specific exchange rate.

• A)forward rate
• B)bid
• C)offer
• D)option

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Definitions:

Ca

The elemental symbol for Calcium, a soft gray alkaline earth metal with atomic number 20.

Protons

Positively charged particles located in the nucleus of an atom, contributing to the atom's overall charge and mass.

Uranium Atoms

The basic units of the chemical element Uranium, known for their radioactive properties and used as fuel in nuclear power plants.

Uranium Metal

A heavy, dense metal that is radioactive and used primarily as fuel in nuclear reactors.