Table 11.4.Forward Exchange Rates

question 156

Multiple Choice

Table 11.4.Forward Exchange Rates

-Refer to Table 11.4.On Wednesday,the 30-day forward franc was selling at a:

• A) 1 percent premium per annum against the dollar
• B) 2 percent premium per annum against the dollar
• C) 1 percent discount per annum against the dollar
• D) 2 percent discount per annum against the dollar

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Definitions:

Oxidation Number

A value that represents the total number of electrons that an atom either gains or loses in order to form a chemical bond with another atom.

Cl

Symbol for Chlorine, a reactive, yellow-green gas at room temperature, belonging to the halogen group in the periodic table, with applications in water purification, disinfectants, and bleach.

Elemental Metals

A group of elements that share properties such as high electrical conductivity, malleability, and a shiny appearance.

Redox Reaction

A type of chemical reaction that involves a transfer of electrons between two species.