Multiple Choice
If speculators expect the spot rate of the yen in 60 days to be ____ than the 60-day forward rate on the yen, they will ____ the yen forward and put ____ pressure on the yen's forward rate.
A) higher; buy; upward
B) higher; sell; downward
C) higher; sell; upward
D) lower; buy; upward
Correct Answer:
Verified
Correct Answer:
Verified
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