Which of the Following Is Correct If the Spot Exchange $\le$

question 6

Multiple Choice

Which of the following is correct if the spot exchange rate on the pound sterling is $2.56 (Canadian) / $\le$ and the one-year forward exchange rate is $2.48 (Canadian) / $\le$ ? The pound is trading:

• A)At a 3.13% forward discount relative to the Dollar
• B)At a 3.13% forward premium relative to the Dollar
• C)At a 3.22% forward discount relative to the Dollar
• D)At a 3.22% forward premium relative to the Dollar

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Definitions:

White-Collar Deviance

Non-violent, illegal or unethical acts committed by individuals in professional or business roles, typically for personal or corporate gain.

Social Controls

The mechanisms, strategies, and techniques that societies use to encourage conformity to norms and discourage deviant behavior.

Greater Opportunity

The increased chance or potential to achieve success, access resources, or advance in one's personal or professional life.