Outright forward transactions involve the exchange of currency on a future date beyond two business days at a fixed exchange rate, known as the ________.
A) spot rate
B) forward rate
C) option rate
D) reverse transaction rate
Answer: B
Outright forward transactions involve the exchange of currency on a future date beyond two business days at a fixed exchange rate, known as the ________.
A) spot rate
B) forward rate
C) option rate
D) reverse transaction rate
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