Home / Questions / Assume the current US dollar British spot rate is 06134 If the current nominal one year in...
Assume the current U.S. dollar-British spot rate is 0.6134£/$. If the current nominal one-year interest rate in the
U.S. is 2.5% and the comparable rate in Britain is 3.5%, what is the approximate forward exchange rate for 360
days?
A) 1.42£/$
B) 0.6075£/$
C) 0.6134£/$
D) 0.6194£/$
Apr 19 2021 View more View Less
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