Which of the Following Describes the Way the Forward Price

question 1

Multiple Choice

Which of the following describes the way the forward price of a foreign currency is quoted?

• A) The number of U.S. dollars per unit of the foreign currency
• B) The number of the foreign currency per U.S. dollar
• C) Some forward prices are quoted as the number of U.S. dollars per unit of the foreign currency and some are quoted the other way round
• D) There are no quotation conventions for forward prices

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