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state whether they are true or false with breif explanation, thank you 4 14 107% Y You are to buy 200m with Australian dollars through

state whether they are true or false with breif explanation, thank you image text in transcribed
4 14 107% Y You are to buy 200m with Australian dollars through a forward contract maturing in 6 months. The forward price is F6(Y/A$)=100. If the spot rate at the maturity is S6(Y/A$)=80. You have a loss in the forward trading. For euro to become a world currency, it is necessary that the eurozone countries run long-term trade deficits

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