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Assume the spot rate of the Swiss franc is $.62 and the one-year forward rate is $.65. The forward rate exhibits a ____ of ____.

Institutional discrimination consists of the day-to-day practices of organizations and institutions that have a harmful effect on members of subordinate groups

Technology enables more consistent prices among banks and reduces the likelihood of significant discrepancies in foreign exchange quotations among locations.

The euro has not been adopted by:

Currency futures can be used by MNCs to hedge payables. That is, an MNC would ____ futures to hedge a foreign payable position. Also, currency futures can be used for speculation. For example, a speculator expecting a currency to depreciate would ____ futures.

A strong dollar places ____ pressure on U.S. inflation, which in turn places ____ pressure on U.S. interest rates, which in turn place ____ pressure on U.S. bond prices.

Footing size and material, foundation wall thickness, and the sizes of floor framing materials are the kind of information found on typical __________ section drawings.

Which of the following countries have not adopted the euro?

If the European Central Bank (ECB) decides to weaken the euro by decreasing interest rates through an expansion of the money supply, it should be aware that although this action will stimulate the lower growth economies of southern Europe, it may result in inflation and asset valuation bubbles in the stronger northern European economies (i.e., Germany).

To capitalize on high foreign interest rates using covered interest arbitrage, a U.S. investor would convert dollars to the foreign currency, invest in the foreign country, and simultaneously sell the foreign currency forward.