A ___________ between a bank and a customer calls for a fixed delivery date,at a fixed exchange rate for a specified amount of one currency against another currency payment.

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A forward contract is an agreement between a bank and a customer to exchange a specified amount of one currency for another currency at a fixed exchange rate on a future date, also known as the delivery date. The delivery date and exchange rate are agreed upon at the time the contract is made, and the customer is obligated to make the payment in the agreed upon currency. The forward contract is used to hedge against currency volatility and to lock in a favorable exchange rate.

A ___________ Between a Bank and a Customer Calls for a Fixed