The fixed rate of currencies that will be delivered at an agreed upon future date is called the:
A) Swap price.
B) Future rate.
C) Forward rate.
D) Strike price.

Question

Quizplus · Accepted Answer

The fixed rate of currencies that will be delivered at an agreed upon future date is called the forward rate. A swap price refers to the fixed currency exchange rate applied today for a future currency exchange. A future rate refers to the predicted currency exchange rate in the future. A strike price is a set price at which an asset can be bought or sold in the future, typically used in options trading.

The Fixed Rate of Currencies That Will Be Delivered at an Agreed