Question: ____________________________________________________________________________________________ QUESTION 4 Only spot rates are adjusted to eliminate covered interest arbitrage opportunities. If) True If) False QUESTION 5 Covered interest arbitrage is possible

 ____________________________________________________________________________________________ QUESTION 4 Only spot rates are adjusted to eliminate covered

____________________________________________________________________________________________

interest arbitrage opportunities. If") True If") False QUESTION 5 Covered interest arbitrage

QUESTION 4 Only spot rates are adjusted to eliminate covered interest arbitrage opportunities. If") True If") False QUESTION 5 Covered interest arbitrage is possible only when interest rate parity holds. If") True C? False

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