Which of the Following Statements Is TRUE

question 25

Multiple Choice

Which of the following statements is TRUE?

• A)The historical rate is the exchange rate at the date of the transaction and the closing rate is the exchange rate at the end of the reporting period.
• B)The historical rate is the exchange rate at the beginning of the reporting period and the closing rate is the exchange rate at the end of the reporting period.
• C)The historical rate is the exchange rate at the beginning of the reporting period and the forward rate is the exchange rate at the end of the reporting period.
• D)The spot rate is the exchange rate at the date of the transaction and the closing rate is the exchange rate at the conclusion of a hedge instrument.

---

Definitions:

Heredity

The passing down of physical or mental traits genetically from one generation to another.

Behavior Genetics

The study of the genetic and environmental influences on behaviors, emphasizing the role of heredity in psychological traits.

Biological Influences

Factors stemming from physiological and genetic conditions that impact individual behaviors, traits, and health.

Environmental Influences

External factors surrounding an individual that affect their behavior, growth, and development.