Question
If the forward value of the currency is cheaper, the
currency is called -Solution
Forward Rate = Spot Rate +Premium- DiscountĀ If the forward value of the currency is higher than (costlier) the spot (present) value than the currency is at Premium. If the forward value of the currency is cheaper than the spot (present) value than the currency is at Discount.
Which of the following fractions lies between 3/7 and 8/9?
Express 0.045 as a fraction in simplest form.
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0.0056 is equal to which of the following fractions?
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Simplify: 2.4 Ć· 0.3 + 3/4