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Assume that the 3-month iUS = 8% and the 3-month iUK = 4%,and the spot rate is $1.50 per pound.Using the approximate covered interest rate parity condition,the 3-month forward rate $/pound is:
Accepted Check
An accepted check is a check that the drawee bank has certified as good for payment, ensuring the availability of funds when presented.
Output Contract
An agreement in which a seller agrees to sell and a buyer agrees to buy all the output that a producer produces, without specifying exact quantities.
Manufacturers
Entities involved in the process of converting raw materials into finished products through various means, including physical, labor-intensive, or mechanical processes.
Distributors
Entities that buy products directly from manufacturers and sell them to retailers or end consumers, acting as intermediaries in the supply chain.
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