A bill of exchange payable at a future date is called a future bill.
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Q34: Foreign exchange generally refers to foreign currency
Q35: A direct quote on foreign exchange is
Q36: Foreign exchange generally refers to foreign currency
Q37: Through arbitrage a direct currency quote is
Q38: Liquidity is the property associated with the
Q40: A cash payment for imports is uncommon
Q41: The spot exchange rate is the exchange
Q42: The forward exchange rate is the price
Q43: If the forward rate is less than
Q44: If the forward rate is higher than
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