Suppose It Is 1995 and the Following Direct Quotes Are

question 21

Multiple Choice

Suppose it is 1995 and the following direct quotes are received for spot and one-month French francs in New York: .1160-684-6.Then the outright 30- day forward quote for the French franc was:

• A).1156-62
• B).1164-74
• C).1166-72
• D).1154-64

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Definitions:

Elastic

A term in economics describing a situation in which the demand or supply for a good or service dramatically changes in response to price changes.

Economic Immigration

The movement of individuals from one country to another to seek better economic opportunities, often including employment and business prospects.

Prospects

The potential or expectation for future success or advancement.

Arrival

The act of reaching a destination or the occurrence of an event, often used in the context of transport, logistics, or the beginning of a process.