Which of the Following Describes the Way the Forward Price

question 1

Multiple Choice

Which of the following describes the way the forward price of a foreign currency is quoted?

• A) The number of U.S. dollars per unit of the foreign currency
• B) The number of the foreign currency per U.S. dollar
• C) Some forward prices are quoted as the number of U.S. dollars per unit of the foreign currency and some are quoted the other way round
• D) There are no quotation conventions for forward prices

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Definitions:

Cultural Rules

The norms, values, and practices that are accepted and followed within a specific culture or society.

Socialization

The process through which individuals learn and internalize the values, norms, and behaviors that are considered appropriate in their society.

Childhood

The period in a human's life from birth to adolescence, characterized by growth, development, and learning within a familial and societal context.

Adult

A person who has reached maturity or legal age, typically characterized by finished physical growth and the assumption of responsibilities.