The number of U.S. dollars ($) today to buy one U.K. pound (£) six months from now is called:
A. the spot rate
B. the exact rate
C. the forward rate
D. the prime rate
Answer:C
The number of U.S. dollars ($) today to buy one U.K. pound (£) six months from now is called:
A. the spot rate B. the exact rate C. the forward rate D. the prime rate