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Given the Following Exchange Rates,which of the Following Currencies Are

Question 65

Multiple Choice

Given the following exchange rates,which of the following currencies are selling at a premium against the dollar?  USD equiv  Currency per USD  Australia dollar .85071.1755 1-mo forward .84891.1780 Japanyen .00843118.62 1-mo forward .00844118.49 Switzerland franc 1.0357.9655 1-mo forward 1.0362.9651 UK pound 1.5649.6390 1-mo forward 1.5646.6391\begin{array} { | c | r | r | } \hline & \text { USD equiv } & \text { Currency per USD } \\\hline \text { Australia dollar } & .8507 & 1.1755 \\\hline \text { 1-mo forward } & .8489 & 1.1780 \\\hline \text { Japanyen } & .00843 & 118.62 \\\hline \text { 1-mo forward } & .00844 & 118.49 \\\hline \text { Switzerland franc } & 1.0357 & .9655 \\\hline \text { 1-mo forward } & 1.0362 & .9651 \\\hline \text { UK pound } & 1.5649 & .6390 \\\hline \text { 1-mo forward } & 1.5646 & .6391 \\\hline\end{array}


A) Japanese yen only
B) Swiss franc and Australian dollar only
C) UK pound only
D) Australian dollar, Swiss franc, and UK pound only
E) Japanese yen and Swiss franc only

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