Question
A trader in Switzerland just agreed to trade Swiss francs for British pounds based on today's exchange rate. The trade is expected to settle tomorrow.
A trader in Switzerland just agreed to trade Swiss francs for British pounds based on today's exchange rate. The trade is expected to settle tomorrow. What term best describes this exchange?
Arbitrage transaction
Interest rate parity
Spot trade
Forward trade
Purchasing power parity
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Public Private Partnerships Principles Of Policy And Finance
Authors: E. R. Yescombe
1st Edition
0750680547
