The Following Are the Prices in the Foreign Exchange Market

question 102

Multiple Choice

The following are the prices in the foreign exchange market between the Canadian dollar and United States dollar (USD) . $\begin{array} { l l } \text { Spot } & \$ 0.02465 / \mathrm { LC } \\3 \text {-month forward } & \$ 0.02473 / \mathrm { LC } \\\text { 6-month forward } & \$ 0.02474 / \mathrm { LC }\end{array}$ What was the discount or premium on 3-month forward and 6 month for United States dollars?

• A) 2.59% premium/6.65% premium
• B) 2.59% discount/6.65% discount
• C) 1.03% premium/0.73% premium
• D) 1.03% discount/0.73% discount

---

Definitions:

Note-Taking Strategies

Various methods employed to efficiently record key information from lectures, readings, or discussions for future reference.

Note-Taking System

A structured method for recording information from lectures, books, or any other sources, often used for study and reference.

Learning Style

Individualized approaches and techniques that people preferentially use when absorbing, processing, comprehending, and retaining information.

Technology Illiterate

Describes individuals who have limited knowledge of, or ability to use, modern technology and digital tools.