You Have Just Agreed to a Forward Trade That Will

question 91

Multiple Choice

You have just agreed to a forward trade that will be settled six months from now.When will the exchange rate for this transaction be determined?

• A)Today
• B)Three months from today because that is the halfway point
• C)Anytime you prefer within the next six months
• D)Whenever the spot rate six months from today is known
• E)Six months from now

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A schedule of reinforcement where a response is rewarded only after a specified number of responses, leading to a high and steady rate of response.

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A type of employment where a worker is paid a fixed rate for each unit produced or action completed, rather than receiving an hourly or annual salary.

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