Question: The currency value is determined through 'managed float. 7 - 2 : A company makes an agreement for a forward currency contract with a bank

The currency value is determined through 'managed float."
7-2: A company makes an agreement for a forward currency contract with a bank for all the following reasons except:
It knows it can sell it on a recognized exchange if it decides it no longer needs the currency.
To guarantee an exchange rate on a given date
To guarantee the purchase or sale of a country's currency at a specific price, usually 30,60, or 90 days in the future
The provisions in the contract are specific to the requirements of the company
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The currency value is determined through 'managed

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