It Is 1998

question 18

Multiple Choice

It is 1998.The spot and 30-day forward rates for the Dutch guilder are $.3075 and $.3120,respectively.The guilder is said to be selling at a forward

• A) premium of 16.83%
• B) premium of 17.56%
• C) discount of 6.39%
• D) discount of 15.10%

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Definitions:

Constitutional Amendment

A formal change or addition to a constitution, often requiring a specific process of proposal and ratification by the government or the people.

Nationwide Election

An election process that occurs across an entire country to select national leaders or to decide on national policies.

Wilmot Proviso

An unsuccessful proposal in 1846 to prohibit slavery in the territory acquired by the United States at the end of the Mexican-American War.

Slave Power

A term used to describe the perceived political power held by slave owners in the United States during the 19th century, which influenced legislation and the balance of power in government.