Answered: foreign currency futures contract is a…

foreign currency futures contract is a commitment to exchange certain amount of currencies in a specified exchange rate at a specified time in the future. Select one: True False

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter4: Exchange Rate Determination

Section: Chapter Questions

Problem 1ST

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A foreign currency futures contract is a commitment to exchange certain amount of currencies in a specified exchange rate at a specified time in the future.

Select one:

True

False

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