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Sonja [21]
2 years ago
14

In an international transaction involving a bank as a third party, the exporter ships the product after:

Business
1 answer:
nataly862011 [7]2 years ago
8 0

Answer: the bank promises to pay on the importer’s behalf

Explanation:

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The formula shows that borrowing or lending for 2 years at 2.34% is the same as borrowing or lending at 2.10% in year and 2.58% forward rate in year 2

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