In the interbank market for foreign exchange, the ____ refers to the price for which a bank is willing to sell a unit of foreign currency.
a. offer rate
b. option rate
c. futures rate
d. bid rate
a. offer rate
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Rose, a new employee, learns her company provides a group insurance plan that she can enroll in. Her friend, Gary, suggests that Rose would save money if she chooses to purchase an individual insurance plan over the company's group insurance plan. Which statement weakens Gary's argument?
A. Employees get more for their money when they receive insurance as a group benefit. B. Rose will get more take-home pay if she opts for a group insurance plan. C. Rose will not be eligible for other benefits if she does not enroll in a group insurance plan. D. Individual plans are typically offered only to senior executives. E. Rates for group insurance are typically lower than those of individual policies.
The essence of strategy is innovation, so _____ is often gained when an organization tries a strategy that no one has tried before.
Fill in the blank(s) with the appropriate word(s).
In general, planning has many benefits. However, planning also has two cautions of which one must be aware. Discuss these.
What will be an ideal response?
The case where the zero coupon bond is selected as the numeraire under a risky asset method results in a measure called the:
A) Drift measure B) Forward measure C) Money market measure D) Spread measure