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tatyana61 [14]
3 years ago
7

_______ can be easily entered on forms such as invoices or bills and affect what happens behind the scenes.

Business
1 answer:
dusya [7]3 years ago
3 0
Activites can be easily entered on forms such as invoices or bills and affect what happens behind the scenes.
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Assume the current U.S. dollar-yen spot rate is 90 ¥/$. Further, the current nominal 180-day rate of return in Japan is 1% (annu
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Answer:

Explanation:

Forward excahnge rate/spot exchange rate = (1+rh)/(1+rf)

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rf - periodic interest rate in the foreign currency

Forward/90 = [1+1%*180/360]/[1+2%*180/360]

Forward = 1.005/1.01 * 90 = 89.55

Forward rate is 89.55 yen/$

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