If the spot exchange rate is 0.5650 and the forward quote is 10- 20 basis points, then the forward exchange rate is:
A) 0.5640 - 0.5660.
B) 0.5640 - 0.5670.
C) 0.5660 - 0.5670.
D) 0.5640 - 0.5630.
Correct Answer:
Verified
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