If the forward exchange rate, defined as the domestic currency price<br/>of the foreign currency, is smaller than the spot exchange rate,<br/>there is a ( ). A: forward premium on the foreign currency. B: forward discount on the foreign currency. C: shortage of dollars. D: surplus of dollars.

In a direct quotation, if the foreign currency is appreciating, the exchange rate __________.

The market price of one currency in terms of another currency is also known as A: the exchange rate between those currencies. B: the future rate between those currencies. C: the spot market. D: the value of arbitrage.

中国大学MOOC: Assume that the interest rate in the home country of Currency X is much higher than the U.S. interest rate. According to interest rate parity, the forward rate of Currency X:

Exchange Difference is：（ ） A:  The difference between two different currencies. B:  The difference calculated from reporting the same number of units of a foreign currency, in the presentation currency, at different exchange rates. C:  The average difference between the exchange rate at the beginning and end of a period.