If the direct quote, forward exchange rate is higher than the spot rate, the forward currency is trading at a:
A) spot rate.
B) discount.
C) premium.
D) forward spot rate.
Correct Answer:
Verified
Q2: Which of the following is unique to
Q3: Assume a recent quote showed a spot
Q4: If the exchange rate from U.S. dollars
Q5: A spot exchange rate for two currencies:
A)is
Q6: The foreign exchange market can be described
Q8: The rate at which a one currency
Q9: Assume you are an American BMW dealer
Q10: Buying the stock of a French company
Q11: If you can exchange one U.S. dollar
Q12: The forward exchange rate between two currencies:
A)depends
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