When the forward rates for a currency exceed the spot rate, the currency is trading at a _____ in the forward market.
A) surplus
B) discount
C) premium
D) positive gap
Correct Answer:
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Q33: In international banking, a representative office may
A)
Q34: The network of banks which buy and
Q35: In quoting foreign exchange rates, the _is
Q36: If the indirect rate for marks is
Q37: The date on which the buyer and
Q38: Spot market transactions in the foreign exchange
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Q40: _ is a cash market transaction in
Q42: In forward transactions:
A) funds exchange hands when
Q43: The formula for the annual forward
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