Author Question: The essential feature of a ________ is that it immediately fixes the rate at which a specified ... (Read 57 times)

leilurhhh · **on:** Jun 30, 2018

The essential feature of a ________ is that it immediately fixes the rate at which a specified amount of one currency is to be delivered in exchange for a specific amount of another at a future date.

A) forward contract
B) spot contract
C) money contract
D) bid contract

Question 2

Specific tariffs are

A) import taxes stated in specific legal statutes.
B) import taxes calculated as a fixed charge for each unit of imported goods.
C) import taxes calculated as a fraction of the value of the imported goods.
D) the same as import quotas.
E) import taxes calculated based solely on the origin country.