A(n)_________________________ Is an Agreement Between Two Parties Where They Agree

question 105

Short Answer

A(n)_________________________ is an agreement between two parties where they agree to exchange,based on a predetermined agreement,amounts in different currencies.It is designed to reduce exchange rate risks.

---

Definitions:

Economy Moves

The various shifts and changes in the economic activities and conditions within an economy over time.

Supply

The total amount of a specific good or service that is available to consumers at a particular price over a given period.

Equilibrium Price

The price at which the quantity of a good supplied equals the quantity of the good demanded.

Equilibrium Quantity

The quantity of goods supplied is equal to the quantity of goods demanded at the market price.