This is my first post on this wonderful forum. From the “Self-test: Economics” on the page 111 of Schweser Notes Book 2: It says “Euro per USD (): 1.3200; USD () per JPY: 1.2000” As a basic matter of fact, the spot rate as of now is $1.26 per Euro and $0.01 per JPY. So do I just assume the problem made up some ficticious exchange rates? When I saw these rates, I started to question myself if I read it wrong or something… Thanks guys…
Edited - I completely read your question wrong… presumably in the exam they will use more realistic fx rates
Thanks, chedges!