If you are an importer of goods and you need to make payment for the purchase of

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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 answer-question

Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Posted Date: Sep 05, 2020 05:48 AM

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If you are an importer of goods and you need to make payment for the purchase of

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Economics of Money, Banking and Financial Markets

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