Question

The transaction in which the exchange of currencies takes place at a specified future date, subsequentto the spot date is known as a ______

Q: The transaction in which the exchange of currencies takes place at a specified future date, subseque

A currency forward is a binding contract in the foreign exchange market that locks in the exchange rate for the purchase or sale of a currency on a future date.

A swap transaction

B forward transaction

C future transaction

D non-deliverable forwards

E option transaction

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Relevant for Exams:

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Question

The transaction in which the exchange of currencies takes place at a specified future date, subsequentto the spot date is known as a ______

Solution

Relevant for Exams:

I Pledged to:

	X	Y	Z
Cost	7	10	19
Fair Value	10	8	15
Units	100	200	300