When the Dollar Buys More Francs on the Spot Market

question 119

Multiple Choice

When the dollar buys more francs on the spot market than the 30-day forward market, we say the dollars is selling at a ______________.Conversely, when the dollars buys less francs on the spot market than the 30-day forward market, we say the dollar is selling at a ______________.

• A)premium; discount
• B)handicap; bonus
• C)discount; premium
• D)subsidy; handicap
• E)gain; loss

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