It gives a comparison between two quantities.
Chat with our AI personalities
22. The spot Yen/US$ exchange rate is Yen119.795/US$ and the one year forward rate is Yen114.571/US$. If the annual interest rate on dollar CDs is 6%, what would you expect the annual interest rate to be on Yen CDs?
6.7 percent as a rate = 6.7%
60%
No, 0.01 is not written as 0.01% in percent rate. 0.01 in percent rate is 1%.
22.8 or 22.80