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When a foreign currency trades at a discount in the forward market (Assume that exchange rates are quoted in American terms) A. the forward rate

When a foreign currency trades at a discount in the forward market (Assume that exchange rates are quoted in American terms)

A. the forward rate is less than the spot rate.

B. the exchange rate is less than it was yesterday.

C. the forward exchange rate is less than one dollar

D. the forward rate is more than the spot rate.

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