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A future rate of exchange between two currencies is known as the: Question 19 options: a) Spot Rate b) Average Rate c) Forward Rate d)

A future rate of exchange between two currencies is known as the: Question 19 options: a) Spot Rate b) Average Rate c) Forward Rate d) Floating Rate

Question 20 (4 points) Convergence initiatives of the FASB include all of the following except: Question 20 options: a) IASB member in residence at the FASB b) Joint projects with the IASB c) Rewriting all of GAAP to align with IFRS d) FASB monitoring IASB projects

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