The Spot Exchange Rate for Indian Rupees Is Rs 41

question 90

Multiple Choice

The spot exchange rate for Indian Rupees is Rs 41/$.The one-year forward exchange rate is Rs 42/$ and the one-year U.S.interest rate is 4%.What is the implied one year interest rate in India?

• A)6.54%
• B)6.22%
• C)6.77%
• D)6.24%

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Definitions:

Middle Childhood

A developmental stage typically ranging from about 6 to 12 years of age, characterized by increased cognitive, social, and physical abilities.

Self-concept

An individual's perception and evaluation of themselves, encompassing beliefs, feelings, and thoughts about one's abilities, appearance, and values.

Self-esteem

Self-esteem is an individual's subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states such as triumph, despair, pride, and shame.

Parentification

A process where a child is forced to assume adult roles and responsibilities within the family, often due to the incapacity or absence of parents.