Spot Rate: Given That the Spot Rate Is $1

question 2

Multiple Choice

Spot rate: Given that the spot rate is $1.5136/€ and the 90-day forward quote is $1.4974/€, we can say that

• A) the U.S. dollar is at a forward premium against the euro.
• B) the U.S. dollar is at a forward discount against the euro.
• C) the euro is at a forward premium against the U.S. dollar.
• D) the dollar is at neither a premium nor a discount against the euro.

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Definitions:

Attention-Deficit/Hyperactivity Disorder

A neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsivity that are pervasive and impair daily functioning.

Autism Spectrum Disorder

A developmental disorder characterized by deficits in social interaction, by impaired communication, and by restricted, repetitive behavior and interests.

Social Cues

Non-verbal or verbal hints that guide social interactions, such as facial expressions, body language, and vocal tones.

Autism Spectrum Disorder

A range of neurodevelopmental conditions characterized by challenges with social skills, repetitive behaviors, speech, and nonverbal communication.