1.Assume that the yen is selling at a forward discount in the forward-exchange market. Then, most likely a . interest rates are declining in Japan. b . this currency is gaining strength in relation to...

1.Assume that the yen is selling at a forward discount in the forward-exchange market. Then, most likely

a . interest rates are declining in Japan.

b . this currency is gaining strength in relation to the dollar.

c . interest rates are higher in Japan than in the United States.

d . this currency has low exchangerate risk.