Question
QUESTION 2 In the interbank market dealers quote the forward rate only as a discount from, or premium on, the spot rate, and this forward
QUESTION 2
In the interbank market dealers quote the forward rate only as a discount from, or premium on, the spot rate, and this forward differential is known as the:
| discount rate | ||
| premium rate | ||
| outright rate | ||
| swap rate |
5 points
QUESTION 3
For a US trader, an interbank quotation of $1.4631/ is in
| European terms | ||
| non-conventional terms | ||
| indirect terms | ||
| direct terms |
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Multinational Financial Management
Authors: Shapiro A.C.
9th International Edition
8126536934, 9788126536931
