The price of buying or selling a currency is its interest, Financial Management

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The price of buying or selling a currency is its interest

1. (TRUE or FALSE) The “price” of buying or selling a currency is its interest rate.

2. (TRUE or FALSE) Foreign securities can be bought in the United States by purchasing American depository receipts (ADRs).

3. (TRUE or FALSE) Forward contracts are contracts in which one party agrees to buy, and the other party agrees to sell, a certain amount of an asset (a currency for example) at a specified price (exchange rate) at a specified future time.

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