If the Spot Exchange Rate Is 0

question 16

Multiple Choice

If the spot exchange rate is 0.5650 and the forward quote is 10- 20 basis points, then the forward exchange rate is:

• A) 0.5640 - 0.5660.
• B) 0.5640 - 0.5670.
• C) 0.5660 - 0.5670.
• D) 0.5640 - 0.5630.

---

Definitions:

Largest Purchasers

Entities or individuals that buy goods or services in large quantities, often having significant influence over market prices.

Payroll Companies

Businesses that specialize in managing the compensation of employees for other companies, including wages, taxes, and other deductions.

New Buy

A purchasing situation in which a buyer or company makes a significant purchase of a product or service for the first time, often involving considerable research and decision-making.

T.J.Maxx

A subsidiary of TJX Companies, Inc., known for selling discounted brand-name clothing, footwear, and home goods.