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In 2010, the three largest foreign exchange markets based on daily volume are Question 9 options:...

In 2010, the three largest foreign exchange markets based on daily volume are

Question 9 options:

London, Tokyo, and Zurich.

New York, Tokyo, and Zurich.

London, New York, and Singapore.

The difference between the forward rate and the spot rate is called the

Question 16 options:

direct quote.

forward premium or forward discount.

cross exchange rate.

indirect quote.
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Homework Answers

Answer #1

1) The three largest foreign exchange markets are

a) London

b) New York

c) Tokyo

Answer is London , New York, Tokyo

2) The difference between the forward rate and the spot rate is known as Forward premium or forward discount. Forward premium occurs when forward rate is higher than the spot rate. Forward discount occurs when forward rate is lower than the spot rate.

Option '2' is correct

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