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  • Accounting and Finance for Bankers - 3 (JAIIB)
  • A _______ is a price quotation to deliver the currency in...
Multiple choice

A _______ is a price quotation to deliver the currency in future.

  1. direct quote

  2. indirect quote

  3. cross rate

  4. forward rate

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Correct Answer: forward rate

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