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Forward Exchange Contracts Have a Different Focus Than Futures Exchange

question 55

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Forward exchange contracts have a different focus than futures exchange contracts,in that they allow a purchaser to pay a preestablished rate for a currency in the future.


Definitions:

Intramuscular

A technique for delivering drugs deep into muscle tissue to facilitate rapid absorption into the circulation system.

Topical

Pertaining to a specific area; local.

STAT

A term used in the medical field indicating an action needs to be taken immediately.

Bid

An offer of a certain price for something, especially at auctions, or a pledge to perform certain services under specified conditions.

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