Active income is generated by production and distribution, while passive income is generated by licensing fees and the collection of dividends

Paul agrees with William (who accepts) to purchase William's house if Paul can arrange a mortgage for $250,000 in 30 days. The term regarding the mortgage arrangement is called:

A) An option to purchase. B) An offer to purchase. C) A conditional term D) A real estate tender E) A counter-offer

Exchange rate risk is the risk that exchange rates will be lower in the future than they are today

Indicate whether the statement is true or false