Which of the Following Is an Exchange Rate That Requires

question 58

Multiple Choice

Which of the following is an exchange rate that requires delivery of the traded currency within two business days?

• A) forward rate
• B) spot rate
• C) cross rate
• D) prime rate

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Definitions:

Igneous Rocks

Stones created by the process of magma or lava cooling and turning into solid form.

Sandstone

A sedimentary rock composed mainly of sand-sized mineral particles or rock fragments, commonly used in building and construction.

Shale

A fine-grained sedimentary rock formed from clay and other minerals, often used in the production of oil and natural gas through fracking.

Conglomerate

A sedimentary rock made up of rounded pebbles, cobbles, and boulders cemented together.