Given the Following Exchange Rates,which of the Following Currencies Are

question 1

Multiple Choice

Given the following exchange rates,which of the following currencies are selling at a premium against the dollar? $$\begin{array} { | c | r | r | } \hline & \text { USD equiv } & \text { Currency per USD } \\\hline \text { Australia dollar } & .8507 & 1.1755 \\\hline \text { 1-mo forward } & .8489 & 1.1780 \\\hline \text { Japanyen } & .00843 & 118.62 \\\hline \text { 1-mo forward } & .00844 & 118.49 \\\hline \text { Switzerland franc } & 1.0357 & .9655 \\\hline \text { 1-mo forward } & 1.0362 & .9651 \\\hline \text { UK pound } & 1.5649 & .6390 \\\hline \text { 1-mo forward } & 1.5646 & .6391 \\\hline\end{array}$$

• A)Japanese yen only
• B)Swiss franc and Australian dollar only
• C)UK pound only
• D)Australian dollar, Swiss franc, and UK pound only
• E)Japanese yen and Swiss franc only

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