AGB 302 WEEK 5 QUIZ | Questions with 100% Correct Answers | Updated & Verified

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When a tourist goes to a bank in a foreign country to convert money into a local currency exchange rate used is the Forward rate spot rate currency swap rate carry trade - ✔✔Spot rate Countr... y X and country Y reach an agreement to boost bilateral trade they agreed to remove all barriers to the trade of goods and services. They however are free to determine their own trade policies with regard to nonmembers which level of economic integration is this an example of? A free trade area a common market an economic union a customs union - ✔✔A free trade area The short term movement of funds from one currency to another in the hopes of profiting from shifts in exchange rates is known as Currency speculation currency risk mitigation currency hedging currency arbitrage - ✔✔Currency speculation [Show More]

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