The Bid-Ask Rates Are as Follows

question 2

Essay

The bid-ask rates are as follows:
Spot exchange rate:
¥/$ 102.40-48
Interest rates:
One-year interest rate in ¥ 1¹/₂ - ⁵/₈
One-year interest rate in $ 9¹/₈ - ¹/₄
What is the quotation for the one-year ¥/$ forward exchange rate?

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Definitions:

Mandatory Benefits

Benefits that employers are legally required to provide to their employees, including social security, workers' compensation, and unemployment insurance.

Total Compensation

The complete pay package for employees, including all forms of money, benefits, services, and in-kind payments.

Wages

Compensation paid to employees based on the hours worked, typically expressed as an hourly rate.

Pay for Knowledge Systems

Compensation strategies that reward employees for their skills, expertise, and the range of tasks they are capable of performing, rather than for the job position itself.