year forward rate of the British pound is quoted at $1.60, and the spot rate of the British pound is quoted at $1.63. Is the

1.84 %

Explanation:

Given,

Forward rate of British pound = $1.60

Spot rate of British pound= $1.63

We have to find forward discount.

Now,

The spot rate is greater than the forward rate then it is forward discount.

Forward discount=

                             = 1.84 %

Hence, forward discount percent is 1.84%.

The question is incomplete. The complete question is :

The one-year forward rate of the British pound is quoted at $1.60, and the spot rate of the British pound is quoted at $1.63. The forward ________ is _______ percent.

Solution :

The future yield of any bond is known as the Forward Rate. It is the interest rate that is applicable to any financial transaction which will occur in the future.

According to the question,

The forward rate of the British pound for one year is = $ 1.60

The spot rate of the British pound is = $ 1.63

Therefore,

= 0.98 - 1

= -0.018

Thus it is forward discount and the percentage is 1.8 %

What is the rule in ASL if both hands are moving for a sign? In ASL, one hand is a dominate and one is the non-dominate hand. The dominate hand is used for finger spelling and for one-handed signs. If you need to use both hands, the non-dominate hand becomes your partner hand and jumps in when both hands are moving. If the signs are two-handed, the right hand which is the dominate hand will move and the non-dominate, left hand, will support.