b. If in one year the spot exchange rate changes to 70 INR/USD, does VaxAttax...

60.1K

Verified Solution

Question

Finance

image
b. If in one year the spot exchange rate changes to 70 INR/USD, does VaxAttax make money or lose money on the swap? Why? [No need for any calculations here. A brief explanation will suffice.]

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students