There are different leagues for different countires: 1. England: English Premier …

Comment on Stanford Report's Popularity Increases Over The Past Three Years by Staff.

There are different leagues for different countires:
1. England: English Premier League

2.Spain: La Liga

3.Germany: Bundesliga

4.Italy: Serie A

5.France: Ligue 1

and so on for almost every footballing nation in the world (i have only listed the most popular leagues in order of popularity)

EUROPEAN football is conducted by UEFA, and the most revered competition is UEFA Champions league
It pins the top teams from their respective leagues against each other in a knock out format.
Whoever wins this is deemed to be the most dominant and honored team for the given season.
Of course, winning your nation’s league is the second best honor.
Third thing you can win is your league’s cup.
Winning all 3 in a year is called winning a treble. A feat very hard to accomplish, but if done, indeed a great honor.

Besides this, there are a lot of lower leagues in each country like npower leagues in England, and also below UEFA CL is the EUROPA league, and also the number of teams chosen from every league for the UEFA CL is decided by ranking of the league itself based on many other factors. But forget all this for now.

I have been supporting Chelsea FC for a long time now, and there are a LOT of reasons why.
But I don’t want to bias your mind. Still, I suggest you choose a team from EPL or La Liga or Bundesliga just for the quality of football they offer.

WARNING: While their history might look lucrative, DO NOT support Liverpool for your own mental well being.

Hope I helped!

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Stanford Report's Popularity Increases Over The Past Three Years
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Can Ordinary People Become Leaders?
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The song, as lead singer James Hetfield explained, “deals pretty much with drugs. How things get switched around, instead of you controlling what you’re taking and doing, it’s drugs controlling you.”

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First note that you are given the forex rates in “indirect” form. Indirect quotes tell you the number of foreign units it takes to buy 1 unit of domestic currency (your domestic currency is the US dollar). So, using the spot rate, it takes £0.5267 to buy $1. The reciprocal ( 1 / the indirect rate) will give you a “direct” quote, the number of domestic currency units (here, dollars) to buy one unit of foreign currency (here, the £). Thus, 1 / 0.5267 = 1.8961. This means £1 = (buys) $1.8961.

Looking at the spot and forward rates….
0.5267 …0.5283…0.5299…0.5315
you see the number increasing over time…this means it takes more £s to buy dollars in the future. That means the £ is expected to weaken against the dollar in the future.
Another way to look at it is to look at the reciprocals of the spot and forward rates. 1 / the indirect quote…
Examining these rates, you’ll see that in the future the £ is worth fewer dollars. Again, this shows the £ is weakening against the dollar.

So, the answer to #1 is the £ is selling at a discount in the forward market. (It costs less, in terms of dollars, in the future, than it costs today, at the spot rate.)

#2) There are two ways to go about calculating the answer. The fastest way is to do it this way: Since the indirect quote is expressed as £/$ = 0.5267, then £450,000/0.5267 = $854,376 (I drop the cents since your answer options drop them). You’ll see that this is the same as inverting the £0.5267/$1 to 1 / 0.5267 and multiplying by 450,000…so you have 450,000/0.5267 = $854,376. The other way, is really another way to invert and multiply, but with one more step. You actually “solve” for 1 / 0.5267 first, which gives you the direct quote, 1.89861, which is the number of dollars per pound, and then multiply by the number of pounds: £450,000 * $1.89861 = $854,376.

#3) First solve for the dollar value of the £450,000 at the 60 day forward rate…invert and multiply
450,000 / 0.5299 = $849,216
or solve for the fraction 1 / 0.5299 first and then multiply:
1 / 0.5299 = 1.88715…times 450,000 = $849,216
Second, solve for the difference between receiving $s at the 60 day forward rate vs receiving $s at the spot rate today…
forward $849,216 – spot 854,376 = ($5,159)

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