You Are Quoted the Following Market Rates: Spot USD/JPY 123

question 16

Multiple Choice

You are quoted the following market rates: spot USD/JPY 123.65 1M (30-day) USD. 2.15% 1M (30-day) JPY 0.10% What is 1-month USD/JPY?

• A) 123.44
• B) 123.65
• C) 123.86
• D) 123.90

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Definitions:

Organisational Strength

The unique capabilities or advantages that give an organization a competitive edge or help it achieve its objectives.

Purpose

The reason for which something is done or created, or for which something exists; often refers to the sense of resolve or determination with which an individual or group undertakes a task.

Performance Advantage

The superiority that an individual or organization holds over competitors in terms of operational efficiency, effectiveness, and overall performance.

Total Quality Management

A comprehensive and continuous effort by an organization to improve the quality of its products, services, and processes through ongoing feedback and development.