I do not understand what Im looking for in #a 13-16. I know the answer but I do not know why its the answer

Pl ease answer next four questions based on the following direct quotes from the spot and forward markets for pounds, yens and pesos, for three points in time: now, 1/1/XX, one month later, 2/1/XX, three r. 4/1/xX, and six months later, 7/1/Xx. PLEASE READ AND USE THE QUOTES CAREFULLY. I w ILL NOT GIVE CREDIT FOR ERRORS DUE TO MSREADING OR tsNG THE WRONG QUOTES Britain Pound (spot) 1 month forward 3 month forward 6 month forward 1.5272 1.5242 1.5188 15175 1.5165 1.5155 1.5152 1.5150 1.5170 1.5168 1.5165 1.5163 1.5263 1.5253 1.5203 Japan Yen (Spot) 1 Month Forward 3 Month Forward 6 Month Forward 0.0094 0.0095 0.0098 00100 0.0099 0.0100 0.0107 0.0111 0.0102 0.0110 0.0115 0.0118 0.0096 0.0092 0.0090 0.0085 Mexico Peso (spot) 1 Month Forward 3 Month Forward 6 Month Forward 00871 00877 00887 00891 00870 00866 0.0856 0.0850 0.0893 0.0898 0.0905 0.0916 0.0902 0.0906 0.0910 0.0918 13. Based on your knowledge of the quotes on all three periods, on 1/1/XX, you should A) 3 month forward contract on Pound be long on the C) 3 month forward contract on Yen D) 1 month forward contract on Mexican Peso 14. Based on your knowledge of the Mexican Peso quotes on all three periods, on 1/1xx A) You should be long on the 1 Month Forward contract B) You should be short on the 3 month forward contract C) You should be long on the 6 month forward contract 15. On 1//XX. IBM bought a 3 month forward contract for 100 Million Japanese Yen from Bank One Based on this transaction: A) IBM will ay Bank One $940.000 now and Bank One will pay BM 100 Million yen in 3 months B) IBM will pay Bank One 100 million Yen in 3 months and Bank One will pay IBM $1,020.000 in 3 months C) IBM will pay Bank One $$1,180,000 in 3 months and Bank One will pay IBM 100 million Yen in 3 months D) IBM will pay Bank One $980,000 in 3 months and Bank One will pay IBM 100 Million Yen in 3 months 16. Based on the transaction described above. IBM will incur a A) Profit of $40,000 B) Loss of $130,000 C) Profit of $170,000 D) Profit of $130,000 when the contract expires: 256