The number of Japanese yen (¥) required today to buy one U.S. dollar ($) today is called:
A. the spot rate.
B. the exact rate.
C. the forward rate.
D. the retail rate.
Answer:A
The number of Japanese yen (¥) required today to buy one U.S. dollar ($) today is called:
A. the spot rate. B. the exact rate. C. the forward rate. D. the retail rate.