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    Multiple Choice

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    22. An agreement to trade currencies based on the exchange rate today for settlement within two business days is called a(n) _____ trade.

    A. swap
    B. option
    C. futures
    D. forward
    E. spot

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    https://brainmass.com/business/swaps/multiple-choice-242996

    Solution Summary

    The solution explains the correct term for the agreement to trade currencies based on the exchange rate today for settlement within two business days.

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