Multiple Choice
If 6-month USD/CAD forward rates are quoted at 40/45, which of the following statements is correct?
A) USD rates are higher than CAD rates in the 6-month
B) CAD rates are higher than USD rates in the 6-month
C) There is a positive USD yield curve
D) There is not enough information to decide
Correct Answer:
Verified
Correct Answer:
Verified
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