Question
If you are an importer of goods and you will make payment for the purchase of inventory on 90-day terms, which of the below is
If you are an importer of goods and you will make payment for the purchase of inventory on 90-day terms, which of the below is the correct term for the exchange rate that you will use?
a. indirect rate
b. spot rate
c. direct rate
d. forward rate
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
