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1. Which currency pair is most likely to have a smile as opposed to a skew for its implied volatility shape? A. EURUSD B. USDJPY

1. Which currency pair is most likely to have a smile as opposed to a skew for its implied volatility shape?

A. EURUSD

B. USDJPY

C. EURBRL

D. USDBRL

2. Which currency pair is most likely to have a skew as opposed to a smile for its implied volatility shape?

E. USDCAD

F. EURUSD

G. USDBRL

H. GBPUSD

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