The _____ is the exchange rate at which a buyer and a seller agree to transact a currency at some date in the future.
A)currency futures contract
B)currency swap
C)forward exchange rate
D)spot rate
E)cross rate

Question

Quizplus · Accepted Answer

The forward exchange rate is the agreed-upon exchange rate for a currency transaction that will occur at a future date, distinguishing it from spot rates, which are current exchange rates.

The _____ Is the Exchange Rate at Which a Buyer