The inflaton rates in the U.S. and France in January 1991 were expected to be 4% and 7% per year, respectively. If the current spot rate at the time was $.050/FF, the expected spot rate in three years should have been, in parity, Select one: a. $.046/FF b. $.1112/FF c. $.0092/FF d. $.1150/FF A currency whose exchange rate is set by the government rather than the market forces is known as a currency. Select one: a. freely-floating b. fiat c. pegged d. flat An exporter manufacturing a specialized piece of equipment can hedge the risk that its customer will cancel the contract before shipment the most by obtaining either a or a payment method. Select one: a. open account, draft b. bill of lading, bankers acceptance c. cash in advance, letter of credit d. bill of lading, bank draft