Which of the Following Is Correct If You Have Contracted

question 49

Multiple Choice

Which of the following is correct if you have contracted to purchase 1,000 Swiss francs 3 months forward at a rate of SFr1.6/$?

• A) You pay approximately $625 today for the francs.
• B) You pay $1,600 today for the francs.
• C) You pay approximately $625 3 months from now for the francs.
• D) You pay $1,600 3 months from now for the francs.

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Wordy Prepositional Phrase

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