The forward exchange rate:
a. allows investors to be sure of the price at which they can trade forex in the future.
b. is the rate at which a trader can purchase currency for immediate delivery.
c. is the rate of discount that international banks get when they purchase.
d. is the rate that speculators consider if they are looking for bargain prices .
Ans: a. allows investors to be sure of the price at which they can trade forex in the future.
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The market price of an individual transferable quota is equal to the
A) marginal private benefit. B) marginal social benefit. C) marginal social benefit minus the marginal cost. D) marginal private benefit minus the marginal cost.