Question: The forward exchange rate is determined by A. the spot rate and recent trends in the direction of the spot rate. B. market expectations of

 The forward exchange rate is determined by A. the spot rate

The forward exchange rate is determined by A. the spot rate and recent trends in the direction of the spot rate. B. market expectations of the future spot rate. C. the volatility of the spot rate. D. the spot rate and the interest rates in the two countries

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