NO.PZ2018062003000212
问题如下：
A forward discount indicates:
选项：
A.an expected increase in the demand for the base currency.
B.the points are positive.
C.the forward rate is less than the spot rate.
解释：
C is correct.
If the forward rate is less than the spot rate, the points (forward rate minus spot rate) are negative and the base currency is said to be trading at a forward discount.
考点：Forward Premium and Discount
解析：如果远期汇率低于即期汇率，则forward point (远期汇率减去即期汇率)为负，这被称为远期贴水。此时，基础货币的需求往往呈现下降态势，因此只有C选项正确。
根据这个公式，forward discount代表 base currency 的利率大于 price currency 的利率，① 说明对base currency的需求上升；② 未来会吸引投资者投资，货币需求增加，利率上升
