Assume That the Dollar Is Selling at a Premium on the 30-Day

question 71

Multiple Choice

Assume that the dollar is selling at a premium on the 30-day dollar/euro forward market.Which of the following reflects the foreign exchange dealers' expectations about the dollar over the next 30 days?

• A)The dollar will depreciate against the euro.
• B)The dealers are undecided about the direction of movement.
• C)The dollar will appreciate against the euro.
• D)The dollar/euro exchange rate will be steady.

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Definitions:

Mercury Discharge

The release or emission of mercury, a toxic heavy metal, into the environment, often from industrial sources.

National Environmental Policy Act

A law enacted to ensure that the government gives proper consideration to the environmental impact of major federal actions that could significantly affect the environment.

Council on Environmental Quality

A federal agency within the Executive Office of the President that advises on environmental policies and strategies.

Transporter

An entity or individual involved in the movement of goods or people from one location to another.