Assuming a Forward Contract Was Entered Into, the Foreign Currency

question 88

Multiple Choice

Assuming a forward contract was entered into, the foreign currency was originally sold in the foreign currency market on December 16, 2018 at a

• A) Forward contract discount $ 600.
• B) Forward contract premium $ 600.
• C) Forward contract discount $ 980.
• D) Forward discount premium $ 980.
• E) There is no premium or discount because the fair value of the contract is zero.

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Definitions:

Inability to Fall Asleep

Difficulty or failure to initiate sleep, often described as insomnia.

Deafness

The partial or total inability to hear, which can result from various causes, impacting communication and sometimes balance.

Olfactory Bulbs

Structures located in the forebrain involved in the sense of smell, processing odors detected by nasal receptors.

Limbic System

In humans, functional association of various brain centers, including the amygdala and hippocampus; governs learning and memory and various emotions such as pleasure, fear, and happiness.