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If 6-Month USD/CAD Forward Rates Are Quoted at 40/45, Which

question 376

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If 6-month USD/CAD forward rates are quoted at 40/45, which of the following statements is correct?


Definitions:

Land Plants

A large group of terrestrial plants, including bryophytes, ferns, and seed plants, that are key contributors to terrestrial ecosystems and the global oxygen cycle.

Megafossils

Large fossilized remains or impressions of plants or animals visible to the naked eye, used in the study of paleontology.

Paleontologist

A scientist who studies fossils to understand the history of life on Earth, including the evolution of plants and animals.

Early Plants

Refers to the first primitive forms of plant life that began to emerge on Earth over 500 million years ago, playing a crucial role in the development of terrestrial ecosystems.

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