Which of the following is not a possible bidask

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94.Which of the following is not a possible bid/ask quotation for the Barbados dollar?a.$.50/$.51b.$.49/$.50c.$.52/$.51d.$.51/$.52e.All of the above are possible bid/ask quotations.ANS:C
PTS:195.Your company expects to receive 5,000,000 Japanese yen 60 days from now. You decide to hedge your position by selling Japanese yen forward. The current spot rate of the yen is $.0089, while the forward rate is $.0095. You expect the spot rate in 60 days to be $.0090. How many dollars will you receive for the 5,000,000 yen 60 days from now if you sell yen forward?
PTS:196.Which of the following is probably not an example of the use of forward contracts by an MNC?
PTS:1
97.A quotation representing the value of a foreign currency in dollars is referred to as a(n) ____ quotation; a quotation representing the number of units of a foreign currency per dollar is referred to as a(n) ____ quotation.
PTS:198.You observe a quotation of the Japanese yen (¥) of $0.007. You are, however, interested in the number of yen per dollar. Thus, you calculate the ____ quotation of ____ ¥/$.a.direct; 142.86b.indirect; 142.86c.indirect; 150d.direct; 150e.indirect; 0ANS:B
PTS:199.Which of the following is not true regarding electronic communications networks (ECNs)?
PTS:1100.Which of the following is probably not appropriate for an MNC wishing to reduce its exposure to British pound payables?
PTS:1101.Futures contracts are sold on exchanges and are consequently ____ than forward contracts, which can be ____ to satisfy an MNC's needs.
PTS:1

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