What Kind of Trade Involves Agreeing Today on an Exchange

question 55

Multiple Choice

What kind of trade involves agreeing today on an exchange rate for settlement in 90 days?

• A)Spot trade
• B)Futures trade
• C)Forward trade
• D)Triangle trade
• E)None of the above

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Definitions:

Railroads

Transportation systems consisting of tracks on which trains travel to carry goods and passengers over long distances.

Nineteenth Century

The period from January 1, 1801, to December 31, 1900, marked by major social, economic, and technological changes worldwide.

Standard Oil

A major American company founded by John D. Rockefeller and associates, dominating the oil industry and later broken up due to antitrust laws.

Petroleum Industry

The sector involved in the exploration, extraction, refining, transportation, and marketing of petroleum products.