The 180-Day Forward Rate for the Euro Is $1

question 103

Multiple Choice

The 180-day forward rate for the euro is $1.34, while the current spot rate of the euro is $1.29. What is the annualized forward premium or discount of the euro?​

• A) ​7.46 percent premium
• B) ​7.46 percent discount
• C) ​7.75 percent premium
• D) ​7.75 percent discount

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Definitions:

Transcranial Magnetic Stimulation (TMS)

A non-invasive procedure that uses magnetic fields to stimulate nerve cells in the brain to improve symptoms of depression and other conditions.

Electrocardiograph (ECG)

A medical device used to record the electrical activity of the heart over a period of time.

Electrical Stimulation of the Brain (ESB)

A neuroscientific technique used to elicit a reaction from the brain by applying a controlled amount of electrical current to specific areas of the brain.

Meninges

The three layers of protective membranes—dura mater, arachnoid mater, and pia mater—surrounding the brain and spinal cord.