The 90-Day Forward Rate for the Euro Is £0

question 49

Multiple Choice

The 90-day forward rate for the euro is £0.71, while the current spot rate of the euro is £0.73. What is the annualized forward premium or discount of the euro to the nearest per cent?

• A) 3 per cent discount.
• B) 3 per cent premium.
• C) 11 per cent premium.
• D) 11 per cent discount.

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Definitions:

Cardiovascular Disease

A group of conditions affecting the heart or blood vessels, encompassing coronary artery disease, hypertension, and stroke.

Glucose Metabolism

The process by which the body breaks down sugars to produce energy, critical for cellular function and overall health.

CVD

Cardiovascular Disease, a general term for conditions affecting the heart and blood vessels, often associated with atherosclerosis and heart disease.

Insulin

A hormone produced by the pancreas that regulates blood sugar levels by facilitating the movement of glucose into cells.