If the forward exchange rate is an unbiased predictor of future spot rates, then future spot rates will always be equal to current forward rates
Indicate whether the statement is true or false.
Answer: FALSE
Business
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What is required for a contract to be an express contract?
A) It is written and signed. B) It is written. C) It is performed for mutual benefit. D) It is stated in words. E) It is performed immediately after formation.
Business
Refer to Table 5-2. If Jane sold $25,000 worth of dresses last month, she would have a
A) loss of approximately $6,000. B) loss of approximately $5,540. C) profit of approximately $5,540. D) profit of approximately $6,000. E) Cannot tell with information provided.
Business