Multiple Choice
The National Bank has an agreement with The Foreign Bank to exchange 500,000 U.S.dollars for 380,000 Euros on the first day of each of the next 3 calendar quarters.This agreement is best described as a(n) :
A) floating exchange.
B) spot trade.
C) option.
D) futures contract.
E) swap contract.
Correct Answer:
Verified
Correct Answer:
Verified
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