If the Forward Rate Is Less Than the Spot Rate

question 22

Multiple Choice

If the forward rate is less than the spot rate on a direct quote basis, the foreign currency would be selling at a

• A) cross rate.
• B) premium.
• C) discount.
• D) bid rate.

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Definitions:

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A belief in one's own ability to succeed in specific situations or accomplish a task.

Abraham Maslow

Abraham Maslow was a psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

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An influential American psychologist and one of the founders of the humanistic approach to psychology, known for developing client-centered therapy.