If you are an importer of goods and you need to make payment for the purchase of
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Question:
If you are an importer of goods and you need to make payment for the purchase of inventory before the close of business today, which of the below is the correct term for the exchange rate that you will use?
- indirect rate
- spot rate
- direct rate
- forward rate
Related Book For
Economics of Money, Banking and Financial Markets
ISBN: 978-0321598905
9th Edition
Authors: Frederic S. Mishkin
Posted Date: