Currency Fluctuations Can Make Seemingly Profitable Trade and Investment Deals

question 89

True/False

Currency fluctuations can make seemingly profitable trade and investment deals unprofitable and vice versa.

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Definitions:

Deposit

A deposit is a sum of money placed into an account or given to a party as security for a financial transaction, which can be withdrawn or used at a later date.

Months

Units of time used in calendars that approximate the natural period of the lunar month; usually considered to be about 30 days long.

Future Value

An asset or cash's value on a particular date in the future, matching the value of a specified amount now.

Interest Rate

The percentage of an amount of money charged for its use over a specified period.