If You Are an Importer of Goods and You Will

question 58

Multiple Choice

If you are an importer of goods and you will make payment for the purchase of inventory on 90-day terms,which of the below is the correct term for the exchange rate that you will use?

• A) indirect rate
• B) spot rate
• C) direct rate
• D) forward rate

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Definitions:

Health

A state of complete physical and mental or social well-being.

Well-Being

A state of being comfortable, healthy, or happy, encompassing physical, mental, and emotional health.

Chemical Additives

Substances added to products to enhance or preserve their properties, such as flavor, color, or shelf life.

Shelf Life

That length of time that sterile items are given before they are considered unsuitable for maintaining sterility.