Economy, asked by 786mirshakir, 8 months ago

A market where seeling and buying of foreign currency is settled at a specified future date at a specified rate agreed upon today
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Answers

Answered by rithanyaar
0

Explanation:

A forward transaction involves an agreement today to buy or sell a specified amount of a foreign currency at a specified future date at a rate agreed upon today.  Forward contracts can be renegotiated for one or more periods when they become due.

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