A forward market exchange in foreign currencies is an agreement to exchange:
A) currencies in the future at an unspecified time at an exchange rate determined at the time the contract is agreed to.
B) currencies in the future at a specified time at an unknown exchange rate.
C) currencies in the future at an unspecified time at an unknown exchange rate.
D) a product for a foreign currency in the future at a specified time.
E) currencies in the future at a specified time at an exchange rate determined at the time the contract is signed.
Correct Answer:
Verified
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