Options
- A
1.7325
-
1.5445
Correct answer
- C
1.6500
- D
1.6005
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NSM General NISM
Medium
#NISM Series VA
The interest rate in the US is 4%, UK is 1%. If GBPUSD spot is 1.5, what is the approximate 1-year forward rate?
Practice question from NISM Series I - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.