Which of the following is correct if you have contracted to purchase 1,000 Swiss francs 3 months forward at a rate of SFr1.6/$?
A) You pay approximately $625 today for the francs.
B) You pay $1,600 today for the francs.
C) You pay approximately $625 3 months from now for the francs.
D) You pay $1,600 3 months from now for the francs.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is correct if you have contracted to purchase 1,000 Swiss francs 3 months forward at a rate of SFr1.6/$?
A) You pay approximately $625 today for the francs.
B) You pay $1,600 today for the francs.
C) You pay approximately $625 3 months from now for the francs.
D) You pay $1,600 3 months from now for the francs.

Which of the Following Is Correct If You Have Contracted