A forward contract to deliver British pounds for US dollars could be described either as or A selling dollars forward; buying pounds forward B buying dollars forward; buying pounds forward selling pounds forward; buying dollars forward selling pounds forward; selling dollars forward Question 7 1 Point Alan quote in the United States would be foreign units per dollar, while a/an quote would be in dollars per foreign currency unit. A direct; direct B indirect; direct direct; indirect D indirect; indirect seek to profit from In the foreign exchange market, seek all of their profit from exchange rate changes while simultaneous exchange rate differences in different markets. A speculators; arbitrageurs B dealers; brokers central banks; treasuries D wholesalers; retailers Question 9 1 Point If the current exchange rate is 113 Japanese yen per US dollar, the price of a Big Mac hamburger in the United States is $3.41, and the price of a Big Mac hamburger in Japan is 280 yen, then other things equal, the Big Mac hamburger in Japan is A under priced B not enough information to determine if the price is appropriate or not Cover priced D correctly priced