what are :

(1) spot exchange rates,

(2) forward exchange rates ? please explain and give example

please help me answer all these 3 questions

please answer all of the question 1, 2 and 3

(1) spot exchange rates, forward exchange rates. Please explain and give example (2) if Mr A has $1,000,000, has two options: (i) in US, interest rate 6%/year, (i) in UK, interest rate 3%/year (a) if spot rate 0.55f/$ and forward rate =0.54f/$ which country he invests in, explain? (b) if current exchange rate 0.55f/$ and forward exchange rate 0.52f/$ which country he invests and explain? (3) in Mundell -Fleming, Partial Capital Mobility, in the case of fixed /floating exchange rate which policy (monetary or fiscal) is effectiveness, explain and draw graphics