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A forward deal allows the customer to do what? Select one: a To remove any downside losses and to exploit any gains by a favourable

A forward deal allows the customer to do what? Select one: a To remove any downside losses and to exploit any gains by a favourable exchange in the rates b. To take advantage of any favourable movement in the rates C. To remove the uncertainty of rates in the market moving against the business in the future d. To benefit from the best possible rate available now or in the future 2) The main features of a forward foreign exchange contract are Select one: a. all details of the contract are fixed standard clauses and cannot be altered to meet the needs of different parties. b. forwards are over the counter instruments, therefore dealings are not limited to exchange trading times. C. prices are variable and can be changed prior to the delivery date. d. all contract are processed and agreed through regulated exchanges

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