If the One-Year Forward Rate for the Euro Is $1

question 4

Multiple Choice

If the one-year forward rate for the euro is $1.07, while the current spot rate is $1.05, the expected percentage change in the euro is ____ percent.

• A)1.90
• B)2.00
• C)-1.87
• D)none of the above

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Definitions:

Trademark

A legally acknowledged or traditionally used mark, wording, or set of words that identifies a business or its goods.

Substantially Indistinguishable

means so similar in all important respects that it is difficult to differentiate between the items or concepts being compared.

Infringement

Refers to the violation of a law or a right, especially intellectual property rights such as patents, trademarks, or copyrights.

Confusion

A state of being bewildered or unclear in one’s mind about something.