Which of the Following Is Correct If You Have Contracted

question 98

Multiple Choice

Which of the following is correct if you have contracted to purchase 1,000 Swiss Francs three months forward at a rate of Sf1.6/$?

• A)You pay approximately $625 today for the Francs
• B)You pay $1,600 today for the Francs
• C)You pay approximately $625 three months from now for the Francs
• D)You pay $1,600 three months from now for the Francs

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Résumé

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