The Direct 3 Month Forward Rate for the U

question 59

Multiple Choice

The direct 3 month forward rate for the U.K. pound is 1.4496; the pound is expected to

• A) stay the same against the dollar.
• B) weaken against the dollar.
• C) fluctuate randomly against the dollar.
• D) strengthen against the dollar.

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Definitions:

Sincerity

The quality of being open and genuine, without deceit or pretense, often reflected in communication or actions.

Glamor

An attractive or exciting charm that can inspire admiration and enthusiasm.

Strong Tones

In communication, strong tones refer to the use of assertive and powerful language to convey a message or express an emotion.

Competence

The ability to do something successfully or efficiently, involving skills and knowledge.