If the USD is selling at a discount relative to the yen in the forward market, is the forward price of JPY/USD larger or smaller that the spot price of the JPY/USD?

A principal is bound legally to pay a gratuitous agent

Indicate whether the statement is true or false

When an item is completely sold out and there is no more of it in inventory, that is a(n) ________

Fill in the blanks with correct word