Question: Help! Please answer all three. By using a forward contract to lock inan exchange rate, we remove exchange rate risk. True False QUESTION 20 Forward
Help! Please answer all three.

By using a forward contract to "lock in"an exchange rate, we remove exchange rate risk. True False QUESTION 20 Forward contracts have predefined specifications for characteristics like size and date. True False QUESTION 21 There is virtually no risk using covered interest arbitrage to earn a profit. True False
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