For Each of the Following Sentences, Select the Correct Word

question 4

Multiple Choice

For each of the following sentences, select the correct word in the parentheses.
-The birds flew south (as, like) the air turned cold.

• A) as
• B) like

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Definitions:

Exchange Rate

In international finance, the rate at which one currency can be traded for another. Spot rates are available for current trades. Forward rates are available for currency to be delivered in a specified period of time.

Spot Exchange Rate

The current exchange rate at which a foreign currency can be bought or sold for immediate delivery.

Forward Exchange Rate

The forward exchange rate is the agreed-upon exchange rate for a currency pair to be traded on a future date, used to hedge against currency risk.

Foreign Exchange Market

A financial market in which the currencies of different countries are traded.