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Suppose the Following Direct Quotes Are Received for Spot and One?month

Question 16

Multiple Choice

Suppose the following direct quotes are received for spot and one?month French francs in New York: .1260?684?Then the outright 30?day forward quote for the French is:


A) .1256?62
B) .1264?74
C) .1266?72
D) .1254?64

Correct Answer:

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