Which of the following statements is incorrect? Group of answer choices Given that the spot rate is ¥106.74/$ and the 18

[answerhappygod]

Which of the following statements is incorrect?
Group of answer choices
Given that the spot rate is ¥106.74/$ and the 180-day forward
quote is ¥100.37/$, we can say that the Yen is expected to
appreciate against the U.S. dollar in the future.
Foreign exchange equilibrium occurs at the price at which the
quantity of the currency demanded exactly equals the quantity
supplied.
If a firm is located in a country with a relatively unstable
political environment, management will require a higher rate of
return on capital projects.
Yen-denominated bonds sold in Japanese financial markets by
non-Japanese firms are called Yankee bonds.
All the answers are correct except one.