Assume the Current U

question 11

Multiple Choice

Assume the current U.S. dollar-yen spot rate is ¥90/$. Further, the current nominal 180-day rate of return in Japan is 1% and 2% in the United States. What is the approximate forward exchange rate for 180 days?

• A) ¥89.12/$
• B) ¥89.55/$
• C) ¥90.89/$
• D) ¥90.45/$

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Definitions:

Paychecks

Regular payments made by an employer to an employee, representing salary or wages earned.

Drill-Down Feature

A functionality in software that allows users to view detailed data by clicking on a summary or aggregate data point.

Check Register

A record book or digital ledger used to keep track of all checks issued, deposits made, and current balance of a checking account.

Source Document

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