In an Agreement to Exchange Dollars for Euros in Three

question 48

Multiple Choice

In an agreement to exchange dollars for euros in three months at a price of $0.90 per euro,the price is the

• A)spot exchange rate.
• B)money exchange rate.
• C)forward exchange rate.
• D)fixed exchange rate.

---

Definitions:

Skewed Distributions

Describes asymmetrical distribution of values in a dataset, where the majority of data points are located on one side of the mean, leading to a tail in the opposite side.

Categorical Variables

Variables that represent types or categories, which are not numerical and express qualitative attributes.

Median

The middle value in a data set when the values are arranged in ascending or descending order, providing a measure of central tendency.

Measure Of Central Tendency

A measure of central tendency is a single value that attempts to describe a set of data by identifying the central position within that set, such as the mean, median, or mode.