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Please I need the answer now 4. Suppose the following direct quotes are received for spot and one-month sterling in New York: 1.747585, 1.01-0.99 cpm.

Please I image text in transcribedneed the answer now

4. Suppose the following direct quotes are received for spot and one-month sterling in New York: 1.747585, 1.01-0.99 cpm. The outright one-month forward quote for sterling is: (a) 1.7576-86 (b) 1.7374-86 (c) 1.7575-82 (d) 1.7374-84 6. That the difference in expected inflation rates in two countries equates with the difference between the spot and forward exchange rate (as indicated by the four-way equivalence model) is termed: (a) interest rate parity (b) the Fisher effect (c) the international Fisher effect (d) purchasing power parity (e) none of the above is correct 7. Which of the following correctly ends the sentence? When the exchange rate is expressed as a direct quote: (a) the price is given as the number of units of foreign currency necessary to buy one unit of home currency (b) the price is given as the number of units of home currency necessary to buy one unit of foreign currency (c) the forward rate is never given as an outright quote (d) one needs information in addition to the direct quote to determine the exact exchange Rate

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