The forward exchange rate __________
A. is the rate today for exchanging one currency for another for immediate delivery
B. is the rate today for exchanging one currency for another at a specific future date
C. is the rate today for exchanging one currency for another at a specific location on a specific future date
D. is the rate today for exchanging one currency for another at a specific location for immediate delivery
Answer: Option B
Solution(By Examveda Team)
The forward exchange rate is the rate today for exchanging one currency for another at a specific future date. Forward exchange rate is the exchange rate at which a party is willing to enter into a contract to receive or deliver a currency at some future date.This Question Belongs to Management >> International Finance And Treasury
A. The British Pound
B. The Japanese Yen
C. The Spanish Peso
D. The US Dollar
Not a profit maximizing business is
A. International Monetary Fund
B. International bank for Reconstruction and Development
C. International Financial Corporation
D. World Trade Organisation
A. Merchandise Payment
B. Service Payment
C. Factory Income
D. Transfer payment
Nations that have major economic expansion attract
A. Imports
B. Direct Foreign Investment
C. Exports
D. Privatization
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