__________ is a standardized contract to exchange one currency for another at a special date in the future at a price (exchange rate) that is fixed on the purchase date.

Related MCQs

•                      is a standardized contract to exchange one currency for another at a
• Price of _________-- currency in terms of national currency.
• Under Exchange rate system, there is no interference of monetary authorities to decide exchange rate.
• Under Exchange rate system, value of currency is decided by the market forces of demand and supply.
•                Theory states that the exchange rate between currencies of two countries should be equal to the ratio of the countries price levels.
• _________ theory states that the exchange rate between currencies of two countries should be equal to the ratio of the countries price levels.
• When a company has receipts & payments in the same foreign currency due at the same time, it can use technique of managing foreign exchange risk.
• _________ deal in currencies to benefit from movements in currency exchange markets.
• In the foreign exchange market, the _______________ of one country is traded for the ________________of another country.
• The Exchange rate is the