A Currency Is Said to Be Selling at a Discount

question 118

Multiple Choice

A currency is said to be selling at a discount relative to the dollar when:

• A) The foreign currency is less expensive in the future than it is today relative to the dollar.
• B) One unit of the foreign currency sells today for less than one dollar.
• C) One unit of the foreign currency sells today for more than one dollar.
• D) The foreign currency is overpriced in the spot market.
• E) The foreign currency is underpriced in the spot market.

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Definitions:

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