One can describe a currency forward contract as
A) agreeing today to buy or sell a specified amount of a currency at a later date at a price set in the future.
B) agreeing today to buy or sell a specified amount of a currency today at its current price.
C) agreeing today to buy or sell a specified amount of a currency at a later date at a price set today.
D) agreeing today to buy or sell a specified amount of a currency today at a price that will be determined at a later date.
Correct Answer:
Verified
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