According to Lessard and Lorange, the ________ rate is the spot exchange rate forecast for the end of the budget period.

Question

Quizplus · Accepted Answer

Lessard and Lorange point out three exchange rates that can be used to translate foreign currencies into the corporate currency in setting budgets and in the subsequent tracking of performance. One of them is the projected rate, the spot exchange rate forecast for the end of the budget period.

According to Lessard and Lorange, the ________ Rate Is the Spot