The pound-dollar forward rate for pounds is $1.9068, and the spot rate is $1.9100. Pounds are selling at a ________.
A) discounted premium
B) backward discount
C) forward discount
D) forward premium
Answer: C
The pound-dollar forward rate for pounds is $1.9068, and the spot rate is $1.9100. Pounds are selling at a ________.
A) discounted premium
B) backward discount
C) forward discount
D) forward premium
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.