- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 8. Exchange Rate Calculations
- Subject 2. Forward Rate Calculations
CFA Practice Question
If the forward rate is higher than the spot rate, the base currency is said to be trading at a ______.
B. forward discount
C. spot discount
A. forward premium
B. forward discount
C. spot discount
Correct Answer: A
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