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The spot rate of exchange between the dollar and the pound is 1.50 (dollar/pound). The forward rate of exchange is 1.60 (dollar/pound). We can say

The spot rate of exchange between the dollar and the pound is 1.50 (dollar/pound). The forward rate of exchange is 1.60 (dollar/pound). We can say that the pound is selling at a premium in the forward market. O True False

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