Question
6.A forward exchange contract A. gives the owner the right to purchase a foreign currency at some point in the future and any gains or
6.A forward exchange contract
A. gives the owner the right to purchase a foreign currency at some point in the future and any gains or losses arecredited/debited to the account at the close of business each day.
B. requiresdelivery, within two workingdays, of one currency for a specified amount of another currency.
C. requiresdelivery, at a specified futuredate, of one currency for a specified amount of another currency.
D. gives the owner theright, but not theobligation, to buy a foreign currency at a fixed exchange rate for a fixed period of time.
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