Which One of the Following Statements Is the Most Accurate

question 73

Multiple Choice

Which one of the following statements is the most accurate?

• A) Spot exchange rates are always higher than forward exchange rates.
• B) Spot exchange rates are always lower than forward exchange rates.
• C) Spot exchange rates and forward exchanges rates are always equal.
• D) Spot exchange rates and forward exchanges rates are equal when the value date and the date of the spot transaction are the same.
• E) Spot exchange rates and forward exchange rates never move closely together.

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Definitions:

Apple iTunes

A media player, media library, Internet radio broadcaster, mobile device management utility, and the client app for the iTunes Store.

Biweekly Pay

A payment system where employees receive wages every two weeks, resulting in 26 pay periods annually.

Annual Salary

The total amount of money an employee earns in one year before taxes and other deductions.

Commission Rate

The percentage of a sale price that is paid to an agent or employee for their sales efforts or services.