If You Buy Yen Forward When the Yen Is Selling

question 10

Multiple Choice

If you buy yen forward when the yen is selling at a forward premium,you will get:

• A) more yen than if you buy yen today on the spot market.
• B) fewer yen than if you buy yen today on spot market.
• C) the same number of yen as on the spot market, but with a lower commission.
• D) the expectation of more yen, but the difference is not locked in.

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