Spot exchange markets are efficient due to arbitrage forces.
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Q41: Forward rates, like spot rates, are quoted
Q42: Spot exchange markets have the potential for
Q43: Arbitrage eliminates forward discounts and premiums across
Q44: The foreign exchange market is similar in
Q45: Forward contracts are usually quoted for periods
Q47: The asked rate is the price a
Q48: Arbitrage is the process of buying and
Q49: The forward rate is the same as
Q50: The major advantage of the forward market
Q51: The difference between the asked price and
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