Country	in U.S. $		Per U.S. $
	Tuesday	Monday	Tuesday	Monday
Britain (Pound) 62,500	1.6000	1.6100	0.625	0.6211
1 Month Forward	1.6100	1.6300	0.6211	0.6173
3 Months Forward	1.6300	1.6600	0.6173	0.6024
6 Months Forward	1.6600	1.7200	0.6024	0.5814
12 Months Forward	1.7200	1.8000	0.5814	0.5556
Euro 62,500	1.2000	1.2000	0.833333	0.833333
1 Month Forward	1.2100	1.2100	0.82645	0.82645
3 Months Forward	1.2300	1.2300	0.813008	0.813008
6 Months Forward	1.2600	1.2600	0.793651	0.793651
12 Months Forward	1.2900	1.3200	0.775194	0.7575758

1) Using the table above, market participants expect _______ to _______ in the future.

Euro; appreciate

USD; appreciate

British pound; depreciate

None of the above

2)

Using the table above, what is the most recent (Tuesday) indirect spot exchange rate between British pound and USD?

1.6

1.61

0.625

0.6211