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Which of the following statements are correct?1) A firm that will buy Swiss francs in the future wants the value of the franc to decrease before they have to buy francs. Therefore, the firm is long the Swiss franc since the firm will profit if the franc declines in value.2) Suppose a firm finds itself short the euro through past transactions. To hedge this risk, the firm could sell the currency forward.

Assume that a bank’s bid rate on Swiss francs is $0.54 and its ask rate is $0.56. Its bid/ask percentage spread is:

Which currency is used the most to denominate Eurobonds?

The one-year forward rate of the British pound is quoted at $1.43, and the spot rate of the British pound is quoted at $1.50. The forward ____ is ____ percent.

Assume that the bank’s bid quote for the Mexican peso is $0.115 and the ask price is $0.119. If you have Mexican pesos, what is the amount of pesos that you need to purchase $81,100?

Which of the following statements are correct?1) An investor with a short position in a foreign currency profits when the value of the currency declines.2) If an investor wants to create a long position in the euro, the investor would buy euros forward.

The theory of comparative advantage implies that:

The value of the euro was $1.57 last week. During last week the euro appreciated by 7.8%. What is the value of the euro today?

The inequality on life expectancy between the [poorest 1% and the richest 1% in the U.S. is ___________ years.

The value of the euro was $1.42 last week. During last week the euro appreciated by 8.2%. What is the value of the euro today?