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Which of the following statements is correct? The ask quote represents the rate at which the dealer will buy foreign currency from you. Given that

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Which of the following statements is correct? The ask quote represents the rate at which the dealer will buy foreign currency from you. Given that the spot rate is 106.74/$ and the 180-day forward quote is 100.37/$, we can say that the Yen is expected to depreciate against the U.S. dollar in the future. A Eurodollar is defined as a U.S. dollar deposited in a bank in the United States If the foreign exchange rate is the price in foreign currency for a dollar, then the exchange rate quote is called an indirect quote. All the answers are correct

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