The Main Purpose in Contracting to Purchase Foreign Currency in the Forward

question 71

Multiple Choice

The main purpose in contracting to purchase foreign currency in the forward market is to:

• A)Earn a premium (interest) on the exchange
• B)Lock into a price now
• C)Take advantage of future price reductions
• D)Avoid the more expensive spot rates

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Definitions:

Management Role

Involves responsibility for strategizing, leading, and overseeing the operational and strategic aspects of an organization to achieve its objectives.

Practice Manager

A professional responsible for overseeing the business operations of a medical, dental, or healthcare practice, ensuring efficiency and quality care.

Office Manager

An individual responsible for overseeing the day-to-day administrative operations of an office.

Medical Group

An organized group of medical professionals who practice medicine together, often sharing facilities, administrative support, and medical records.