Which of these is defined as a contractual agreement that states the exchange rate to be used at a future exchange date?

Question

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A forward exchange rate is a contractual agreement that states the exchange rate to be used at a future exchange date. A fixed peg rate is a fixed exchange rate where a currency's value is fixed to the value of another currency or asset. A managed exchange rate is a flexible exchange rate system that allows central banks to intervene in the foreign exchange market to influence the exchange rate. There is no such thing as a future strategy rate.

Which of These Is Defined as a Contractual Agreement That