Question: The forward market? - none of the options - involves contracting today for the future purchase or sale of foreign exchange at the spot rate

The forward market?

- none of the options

- involves contracting today for the future purchase or sale of foreign exchange at the spot rate that will prevail at the maturity of the contract.

- involves contracting today for the future purchase or sale of foreign exchange at a price agreed upon today.

- involves contracting today for the right but not the obligation for the future purchase or sale of foreign exchange at a price agreed upon today.

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