The Figure Given Below Depicts the Foreign Exchange Market for British

question 100

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-Suppose a U.S. citizen purchases a one-year Norwegian bond that yields 10 percent interest. Between the purchase date and the maturity date, the exchange rate changes from to How much was initially invested in the bond if the dollar value of the proceeds at maturity is $3,500? (roundoff up to the nearest whole number)

• A)$2,916
• B)$3,150
• C)$3,500
• D)$3,850
• E)$4,200

---

Definitions:

Grid Computing

A distributed computing model that involves connecting multiple computer systems, often geographically dispersed, to reach a common goal, acting as a supercomputer.

Amazon

A multinational technology company focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence, known for its impact on various industries.

XML

Extensible Markup Language, a flexible text format used for the structured storage and transport of information, widely employed in the encoding of data for internet-based applications.

HTML

Hypertext Markup Language, the standard markup language used to create and design web pages.