Question

Table 11.4. Forward Exchange Rates Switzerland (Franc) 30-day Forward 90-day Forward 180-day Forward U.S. Dollar Equivalent W

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Answer #1

10) d

1/0.6590

11) c

0.6590

12) a

0.6590 increases to 0.6598

so 1/0.6590 decreases

thus , dollar depreciated against the franc

13) c

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