The Forward Exchange Rate

question 100

Multiple Choice

The forward exchange rate:

• A) is the rate at which foreign exchange dealers are willing to commit today to buying or selling a currency in the future.
• B) is a synonymous term for the nominal exchange rate.
• C) is the same as the spot rate.
• D) is always above the spot rate since it carries greater risk.

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Definitions:

Decertify Union

The process by which workers can remove the certification of their union as the bargaining representative, typically through a vote.

Eligible Employees

Workers who meet certain criteria set by employers or laws that allow them to receive benefits or rights, such as participating in a union.

NLRB Representation Election

A voting process overseen by the National Labor Relations Board where employees decide whether to be represented by a union.

Representation Authority

Representation authority refers to the legal power or designation given to an individual or body, such as a union, to act on behalf of others, particularly in negotiation or other formal processes.