What is the amount of bid using Borrowing and Lending?

Answer the questions 1 through 3 with this information

Lending and borrowing equal the current rate. The forward rate is subtracted from the spot rate to determine the bid amount using forward contracts. For example, if the spot rate for a US dollar/British pound currency pair is 1.18 and the forward rate for that same currency pair is 1.20, then the amount being bid via a Forward Contract would be -0.02 (1.18 – 1.20).

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