Solved

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question 74
question 74
Multiple Choice

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Country U.S. $ equiv. Currency per U.S. $

Tuesday Monday Tuesday Monday

Britain (Pound) £62,500 2.0000 1.9800 0.5000 0.5051

1 Month Forward 2.0100 1.9900 0.4975 0.5025

3 Month Forward 2.0200 2.0000 0.4950 0.5000

6 Months Forward 2.0300 2.0100 0.4926 0.4975

12 Months Forward 2.0400 2.0200 0.4902 0.4950

Euro £62,500 1.5000 1.4800 0.6667 0.6757

1 Month Forward 1.5100 1.4900 0.6623 0.6711

3 Month Forward 1.5200 1.5000 0.6579 0.6667

6 Months Forward 1.5300 1.5100 0.6536 0.6623

12 Months Forward 1.5400 1.5200 0.6494 0.6579

Using the table shown,what is the spot cross-exchange rate between pounds and euro?

Country	U.S. $ equiv.		Currency per U.S. $
	Tuesday	Monday	Tuesday	Monday
Britain (Pound) £62,500	2.0000	1.9800	0.5000	0.5051
1 Month Forward	2.0100	1.9900	0.4975	0.5025
3 Month Forward	2.0200	2.0000	0.4950	0.5000
6 Months Forward	2.0300	2.0100	0.4926	0.4975
12 Months Forward	2.0400	2.0200	0.4902	0.4950
Euro £62,500	1.5000	1.4800	0.6667	0.6757
1 Month Forward	1.5100	1.4900	0.6623	0.6711
3 Month Forward	1.5200	1.5000	0.6579	0.6667
6 Months Forward	1.5300	1.5100	0.6536	0.6623
12 Months Forward	1.5400	1.5200	0.6494	0.6579

Definitions:

Fleshy Leaves

Leaves that are thick and soft, often adapted for water storage and succulence in arid conditions.

Self-Incompatibility

A genetic condition in which the pollen cannot fertilize the same flower or flowers on the same plant.

Pollen

Fine to coarse powdery substance comprising pollen grains, which are male microgametophytes of seed plants, responsible for the transfer of sperm to ovules.

Apomixis

A type of plant reproduction method in which seeds form without the need for fertilization, resulting in progeny that are genetically the same as the parent plant.