Assume that British interest rates are higher than U. S. rates, and that the spot rate equals the forward rate. Covered interest arbitrage puts pressure on the pounds spot rate and pressure on the pound's forward rate.

Assume that British interest rates are higher than U.S. rates, and that the spot rate equals the forward rate. Covered interest arbitrage puts upward pressure on the pounds spot rate and downward pressure on the pound's forward rate.

Explanation:

Interest rate is the amount of interest charged by a person for lending his money. The interest rate for the amount borrowed or amount lent depends on the principal amount.

The spot rate also known as settlement price is the amount quoted for the immediate settlement of a property. It is determined based on the current market value of the property.

A forward rate is a forward-looking price which is quoted as the settlement price for the transaction that will not take place until specific date.

the minoan civilization flourished in the middle bronze age on the island of crete located in the eastern mediterranean from c. 2000 bce until c. 1500 bce. with their unique art and architecture, and the spread of their ideas through contact with other cultures across the aegean, the minoans made a significant contribution to the development of western european civilization as it is known today. labyrinth-like palace complexes, vivid frescoes depicting scenes such as bull-leaping and processions, fine gold jewelry, elegant stone vases, and pottery with vibrant decorations of marine life are all particular features of minoan crete.  

so basically their unique way of ding arts, as well as architecture.

the use of electrical signals that transit messages is know as