The essential feature of a ________ is that it immediately fixes ...

[leilurhhh]

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.

[janeli1]

Answer to Question 1

A

Answer to Question 2

B

[leilurhhh]

YES! Correct, THANKS for helping me on my review

[Joy Chen]

Thanks for the timely response, appreciate it