The current U.S. dollar-yen spot rate is 125¥/$. If the 90-day forward exchange rate is 127 ¥/$ then the yen is selling at a per annum ________ of ________
A) premium; 1.57%
B) premium; 6.30%
C) discount; 1.57%
D) discount; 6.30%
Answer: D
You might also like to view...
When the speaker focuses on similarities and ignores signi?cant differences, this logical fallacy can occur
. A) faulty comparison B) slippery slope C) hasty generalization D) either/or thinking
When a nation refuses to accept the judgment against it made by the International Court of Justice, the plaintiff nation can seek recourse through the ________
A) International Law Commission B) Permanent Court of International Justice C) United Nations Security Council D) World Bank Investment Dispute Settlement Center
What kind of pay structure bases part of a worker's pay on an individual and/or organizational performance measurement?
A. ?Variable-pay program B. Internal equity pay program C. Base-pay program D. Fixed-pay program E. Guaranteed pay program
What type of system allows a customer's bank to periodically transfer funds from its account to a selling firm's bank account for payment of bills??
A. Disbursement agreement? B. ?Preauthorized debit system C. ?Lockbox agreement D. ?Concentration banking system E. ?Zero-balance account