Which One of the Following Is the Agreed-Upon Exchange Rate

question 71

Multiple Choice

Which one of the following is the agreed-upon exchange rate that is to be used when currencies are exchanged at some point in the future based on an agreement made today?

• A)Spot rate
• B)ADR rate
• C)London Interbank Offer Rate
• D)Forward exchange rate
• E)Cross-rate

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Definitions:

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