QUESTION 7 For an Australian trader working in Australian quotes, if the forward price is higher than the spot price A. the currency is trading at a premium in the forward market. B. the currency is trading at a discount in the forward market. C. then you should buy at the spot, hold on to it and sell at the forwardit's a built-in arbitrage. D. all of the optionsit really depends if you're talking American or European quotes. E. none of the options. QUESTION 8 Suppose that the Australian dollar has appreciated substantially against the Euro over the past year. This movement is likely to have benefitted while negatively affecting A. Australian Importers; German Exporters. B. German Importers; German Exporters. C. Australian Exporters; German Exporters. D. Australian Importers; German Importers. E. None of the options