What Is the Lowest Possible 1-Year Forward $/£ Exchange Rate

question 12

Multiple Choice

What is the lowest possible 1-year forward $/£ exchange rate FROM THE LIST BELOW?

• A) $1.93/£
• B) $1.96/£
• C) $2.01/£
• D) $2.05/£

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Definitions:

Direct-Mail Retailing

A marketing strategy where companies send promotional materials directly to potential customers through postal mail.

Print-Media Retailing

The sale of goods or services through print mediums such as newspapers, magazines, or direct mail advertisements.

Vending Machines

Automated machines that dispense products such as snacks, beverages, or tickets to consumers after money, a credit card, or a specially designed card is inserted.

Cold Beverages

Drinks that are served chilled and are refreshing, especially preferred in hot climates or seasons.