If payment for goods is to be made at some future date, the purchaser has the option of buying foreign exchange on the ________________ for delivery at some future date.
A)black market
B)gray market
C)forward market
D)exchange rate pass-through market
E)commodities market

Question

Quizplus · Accepted Answer

The correct option is C) forward market. This is because the forward market allows for the buying and selling of currencies for future delivery, which is suitable for locking in exchange rates for transactions that will settle at a later date.

If Payment for Goods Is to Be Made at Some