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Rickos Rickos
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6 years ago
Which of the following statements is true?
A) The forward rate is the same as the spot rate that will prevail in the future.
B) Only the forward rate is known.
C) An indirect quote is the exchange rate that indicates the number of units of the home currency required to buy one unit of foreign currency.
D) Both B and C.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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David_hessDavid_hess
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#1
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6 years ago
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Rickos Author
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6 years ago
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