What Is the Expected Spot Rate of ¥/$(Canadian) One Year

question 93

Multiple Choice

What is the expected spot rate of ¥/$(Canadian) one year from now if the current spot rate is ¥66/$and the Yen is selling one-year forward at ¥70/$?

• A)¥78.9/$
• B)¥98.0/$
• C)¥66/$
• D)¥70/$

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Definitions:

Schwann Cell

A type of glial cell located in the peripheral nervous system that wraps around axons, providing them with insulation and speeding up the transmission of nerve impulses.

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Mathematical Equations

Formulas that represent relationships between variables or express mathematical principles.

Circuit

A closed path through which an electrical current travels or a system of interconnected electronic components.