- This topic has 3 replies, 2 voices, and was last updated 9 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
The home currency of ACB CO is the dollar and it trades with a company in a foreign country whose home currency is the dinar.
Spot rate 20 dinar per $interest rate
Home country 3%
Foreign country 7%Im confused with the numerator and denominator interest to use
can u tell me how to grasp it pls, I know its 3% for the denominator but how?Why are you not watching the free lectures – this is explained in the lectures and I cannot type out the whole lectures here!
Because the dinar is quoted against the dollar, the dollar interest is the denominator and the dinar interest is the numerator.
I have watched your lectures fully, but just a doubt popped up doing a paper. thks
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.