While the 3-Month Forward Rate for US Dollar Is C$1

question 29

Multiple Choice

While the 3-month forward rate for US dollar is C$1.2991 per USD, the spot rate is US$0.7706 per C$. According to a forward contract, how much C$ will be needed to settle a payment of US$1,000,000 in three months?

• A) $1,297,690
• B) $1,299,100
• C) $770,600
• D) $769,765
• E) Insufficient information

---

Definitions:

Democratic Process

The methods and procedures by which democratic societies make decisions, often involving participation through voting, representation, and respect for pluralism and individual rights.

Fair Treatment

The concept of treating all individuals equally, with respect and justice, without discrimination or bias in various contexts such as legal, workplace, and social interactions.

Bureau of Labor Statistics

A unit of the United States Department of Labor, responsible for collecting and analyzing labor market activity, working conditions, and price changes in the economy.

Childcare

The care and supervision of a child or multiple children at a time, which can include educational, psychological, and developmental activities.