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Author Question: The exchange rate at which a bank will purchase a currency is called a ________ rate. A) prime ... (Read 76 times)

awywial

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on: Jul 7, 2018
The exchange rate at which a bank will purchase a currency is called a ________ rate.
 
  A) prime
  B) buy
  C) ask
  D) forward

Question 2

Which of the following is an exchange rate that requires delivery of the traded currency within two business days?
 
  A) forward rate
  B) spot rate
  C) cross rate
  D) prime rate


Pswine

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Reply #1 on: Jul 7, 2018
Answer to Question 1

B

Answer to Question 2

B


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