The One-Year Forward Exchange Rate for the British Pound Is

question 66

Multiple Choice

The one-year forward exchange rate for the British Pound is $1.80/Pound. If the one-year U.S. interest rate is 4.5% and the one-year British interest rate is 6%, compute the implied spot exchange rate in $/Pound.

• A) $1.75/pound
• B) $1.79/pound
• C) $1.83/pound
• D) $1.88/pound

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Definitions:

Breast Lumps

Masses or swellings in the breast, which can be benign or indicative of conditions such as breast cancer.

Gravida

Total number of pregnancies a woman has had regardless of duration, including a present pregnancy.

Cervical

(1) Pertaining to the neck portion of the spinal column; (2) also to the entrance into the uterus.

Intraepithelial Lesion

A term describing early changes in the cells of the skin and some mucous membranes that may develop into cancer, usually found in the context of cervical cancer screening.