26.) Which of the following is an example of a direct quote? Select one: a. Both

Question

26.) Which of the following is an example of a direct quote?

Select one:

a. Both A and B

b. A quote of .7645 euros per dollar in Paris

c. A quote of .01257754 dollars per yen

d. A quote of .7645 euros per dollar in New York  

27.) Which of the following is true?

Select one:

a. The future spot rate is the current spot rate increased by the inflation rate.

b. The actual spot rate that will prevail in the future is not known today.

c. The forward rate is the same as the spot rate that will prevail in the future.

d. The future spot rate is equal to the forward rate less the current spot rate.

Explanation / Answer

26. The example of a direct quote is c. A quote of 0.1257754 dollars per yen

27. b. The actual spot rate that will prevail in the future is not known today.

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