Use the Rectangles in the Graph Given Below to Approximate

question 16

Multiple Choice

Use the rectangles in the graph given below to approximate the area of the region bounded by Round your answer to three decimal places.

• A)2.481
• B)6.371
• C)3.585
• D)6.872
• E)6.903

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Definitions:

Premium

An amount paid in addition to the standard or nominal cost, often associated with insurance, bonds, or the difference above a product's nominal value.

Spot Rate

The current market price at which a particular asset, such as currency, commodity, or security can be bought or sold for immediate delivery.

Direct Quote

A currency exchange rate quoted as the domestic currency per unit of the foreign currency.

Exchange Rate Risk

The potential for investors or companies to experience financial loss due to fluctuations in the exchange rate between two currencies.