Which of the following statement(s) about the currency forward market is (are) true?
I.In the forward market you buy or sell currency for future delivery at a rate set today.
II.A forward market transaction is usually a made-to-order transaction.
III.Most forward transactions are settled in six months or less.
A) I only
B) I and II only
C) II and III only
D) I, II, and III
Correct Answer:
Verified
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