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You are given the following foreign exchange quotations by a bank ( the quotes are per 1 NZD ) : Use the information above to
You are given the following foreign exchange quotations by a bank the quotes are per NZD:
Use the information above to answer the questions that follow.
a For a client, how much JPY could million USD buy, at the spot?
Select one alternative
JPY
JPY
JPY
JPY
b For a client who is expected to receive million GBP in six months, how much NZD could be bought using six
month forward contracts?
Select one alternative
NZD
NZD
NZD
NZD
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