What Kind of Trade Involves Agreeing Today on an Exchange

question 74

Multiple Choice

What kind of trade involves agreeing today on an exchange rate for settlement in 90 days?

• A)Forward trade.
• B)Futures trade.
• C)Spot trade.
• D)Triangle trade.
• E)None of the above.

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Definitions:

Days' Sales Uncollected

Represents the average number of days it takes a company to collect payment after a sale has been made.