Answer:
a) (USD/CAD) on July 15, 2016 was 1.2937
b) six-month forward rate of (USD/CAD)= 0.0165
c) hree-month forward exchange rate of (JPY/USD) on July 15, 2016 is 0.0105263
Explanation:
a) Please see the exchange rate on this link: https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/usd/USD-to-CAD-2016
b) Now it's too far to check forward rate in 2016, so we have to calculate ourselves
6 month forward rate = exchange rate on 15 Jan 2017/ exchange rate on 15 July 2016 -1 = 1.3151/1.2937 -1 = 1.65% semi annual or 3.3%pa
c) please see link https://www.currency-converter.org.uk/currency-rates/historical/table/JPY-USD.html
15/07/2016 1 JPY = 0.0095 USD
15/10/2016 1 JPY = 0.0096 USD
3 month forwar rate = 0.0096/0.0095-1 = 0.0105263
The clearing house settle the accounts by hiring an accountant to do the work.
<span> each model relies on a number of guess/nference or basic factors that are present in all decision situations </span>
The answer in the space provided is the mutual benefit
organizations as this is the one responsible of advancing the members’
interests in which is a voluntary collective. This is an organization or
corporation that are non profited and are being established in ways that will
be of benefit to the people involved.
The market-sharing pact or agreement negotiated by trading partners that give rise to voluntary quotas of exports aimed at protecting the importing country's domestic firms is called a <u>voluntary export restraint (VER)</u>.
<h3>What is voluntary export restraint (VER)?</h3>
Voluntary export restraints (VER) are export arrangements between exporting and importing countries so that the exporter agrees to limit the number of some exports.
VER allows the importing country's domestic firms to survive export dumping. It is the opposite of voluntary import expansions (VIE). VIE, which is a part of international trade agreements, allows for more imports by lowering tariffs or dropping quotas.
Thus, the market-sharing pact negotiated by trading partners allowing for voluntary quotas on exports is called <u>voluntary export restraint (VER)</u>.
Learn more about international trade agreements at brainly.com/question/1465144