The Exchange Rate on a Spot Trade Is Called the _____

question 67

Multiple Choice

The exchange rate on a spot trade is called the _____ exchange rate.

• A) spot
• B) forward
• C) triangle
• D) cross
• E) open

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Definitions:

Merchandising Business

A type of business that purchases goods and sells them at a higher price without changing their form.

Merchandising Income Statement

A financial statement that shows the gross profit, operating expenses, and net income of a company that buys and sells goods.

Administrative Expenses

Administrative Expenses are costs related to the general operation of a business, including expenses such as office supplies, salaries of administrative personnel, and rent.

Operating Income

Income generated from the normal business operations of a company, excluding expenses such as interest and taxes.