Multiple Choice Questions
Causes of Exchange Rate Fluctuations. 8. The spot rate of exchange is £1 = $1·4400. Annual interest rates are 4% in the UK and 10% in the USA. The three month forward rate of exchange should be: A £1 = $1·4616. B £1 = $1·5264. C £1 = $1·5231. D £1 = $1·4614. 9. ................
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