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Which of the following is TRUE? a.Forward and spot exchange rates are always equal. b.Forward and spot exchange rates do not move closely together. c.Forward

Which of the following is TRUE?

a.Forward and spot exchange rates are always equal.

b.Forward and spot exchange rates do not move closely together.

c.Forward exchange rates are utilized to avoid the exchange rate risk.

d.Forward exchange rates are always higher than spot exchange rates.

e.All of the above are not correct.

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