Answer Happy

You are given the following exchange rate quotes: (These are direct quotes) Spot Rates. Australia Dollar 0.7700 = 1 New Zealand Dollar. Australian Dollar 1.45 = 1 United States Dollar. One year Forward Rates. Australian Dollar 0.7000 = 1 New Zealand Dollar. Australian Dollar 1.55 = 1 United States Dollar. has a higher interest rate than Australia and this is called a has a lower interest rate than Australia and this is called a Select one: a. New Zealand, Discount, The United States, Discount b. The United States, Premium, New Zealand, Discount. C. New Zealand, Premium, The United States, Discount d. New Zealand, Discount, The United States, Premium e. The United States, Discount, New Zealand, Premium.