The French Euro Is Currently Worth $0

question 23

Multiple Choice

The French Euro is currently worth $0.24 and it's selling in the one-year forward market at a 10% premium relative to the Canadian Dollar.Approximately what rate would you expect to pay for a one-year loan in France if the rate would be 10% in Canada?

• A)10.00%
• B)11.62%
• C)14.55%
• D)20.00%

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Definitions:

Taft-Hartley Act

A 1947 federal law in the United States that restricts the activities and power of labor unions, including prohibiting certain types of strikes and requiring union leaders to swear they are not communists.

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