Which of the Following Is an Exchange Rate That Requires

question 58

Multiple Choice

Which of the following is an exchange rate that requires delivery of the traded currency within two business days?

• A) forward rate
• B) spot rate
• C) cross rate
• D) prime rate

---

Definitions:

Third Category

In a classification system, the additional or alternative group that items, ideas, or solutions can be placed into beyond the primary two options.

Need-Payoff Question

A Need-Payoff Question is a sales technique that encourages prospective customers to consider the benefits and value of a product or service, focusing on solving specific needs.

SPIN Approach

A sales technique that focuses on understanding the Situation, Problem, Implication, and Need-payoff in customer interactions.

Categories of Questions

A classification that organizes questions based on their purposes, such as information gathering, clarifying, or problem-solving.