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.

---

Definitions:

Linguistic Relativism

The idea that the structure of a language affects its speakers' worldview or cognition.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture, emphasizing the importance of considering cultural context in judgment and analysis.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a disdain for other groups.

Social Mobility

The movement of individuals, families, or groups within or between social strata in a society, allowing for changes in social status.