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The spot rate for AUD is 1.67 for 1 USD, however, the forward rate for AUD is 1.78 per 1 USD, which indicates that RMB

The spot rate for AUD is 1.67 for 1 USD, however, the forward rate for AUD is 1.78 per 1 USD, which indicates that RMB is trading at a Select one:

a. forward rate agreement b. futures contract c. forward discount d. forward premium e. swap rate

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