Which of the Following Describes the Way the Forward Price

question 13

Multiple Choice

Which of the following describes the way the forward price of a foreign currency is quoted?

• A) The number of U.S. dollars per unit of the foreign currency
• B) The number of the foreign currency per U.S. dollar
• C) Some forward prices are always quoted as the number of U.S. dollars per unit of the foreign currency and some are always quoted the other way round
• D) There are no quotation conventions for forward prices

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Definitions:

Domesticated Plant

A plant that has been genetically modified by humans over generations through selective breeding for agricultural or ornamental purposes.

Genetically Different

Having variations in the DNA sequence among individuals or populations, which contribute to the biological diversity and heritable traits within species.

Wild Counterpart

The naturally occurring version of a domesticated or artificially maintained entity, often found in natural environments.

Grain Farming

The cultivation of cereal crops for the production of grain, used as food for humans and livestock.