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:

Trial Courts

Courts of law where cases are initially brought and tried, involving the examination of evidence and application of law to decide disputes.

Summary Judgment

A legal determination made by a court without a full trial, based on the facts not being in dispute.

Trial

is a formal judicial proceeding where evidence is presented to determine the guilt or innocence of the accused or to settle a dispute between parties.

Judge

A public official appointed to decide cases in a court of law.