Exchange rate risk is the risk that exchange rates will be lower ...

[lak]

Exchange rate risk is the risk that exchange rates will be lower in the future than they are today.
 
  Indicate whether the statement is true or false

Question 2

A recent advertisement in the financial section of a magazine carried the following claim: Invest your money with us at 14 percent, compounded annually, and we guarantee to double your money sooner than you imagine.
 
  Ignoring taxes, how long would it take to double your money at a nominal rate of 14 percent, compounded annually?
  A) 3.66 years
  B) 5.29 years
  C) 7.00 years
  D) 10.24 years
  E) 14.00 years

[bigsis44]

Answer to Question 1

FALSE

Answer to Question 2

B

[lak]

Excellent

[bimper21]

Thanks for the timely response, appreciate it