Subject :- Finance Which of the following statements is correct?All the answers are correct.O The forward rate is the exchange rate at which one currency can be converted to another immediately.The ask quote is the rate at which the dealer will sell foreign currency.Eurocredit loans are made by small banks with variable maturities rates of interest that is tied to a baseequity rate such as CAPM.When the British pounds become more expensive in relation to dollars, British products become lessexpensive for Americans to buy.

Currency exchange rates play a significant role in international trade and financial transactions.…

Answered: Which of the following statements is…

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Subject - Acounting