Distinguished - Paper is logically organized with a well-written introduction, thesis statement, and conclusion.

Proficient - Paper is logically organized with an introduction, thesis statement, and conclusion. One of these requires improvement.

Basic - Paper is organized with an introduction, thesis statement, and conclusion. One or more of the introduction, thesis statement, and/or conclusion require improvement.

Below Expectations - Paper is loosely organized with an introduction, thesis statement, and conclusion. The introduction, thesis statement, and/or conclusion require much improvement.

Non-Performance - The introduction, thesis statement, and conclusion are either nonexistent or lack the components described in the assignment instructions.

Distinguished - Provides a comprehensive description of forward, futures, and options foreign currency markets. Each foreign currency market description is supported with relevant scholarly sources.

Proficient - Provides a sufficient description of forward, futures, and options foreign currency markets. Each foreign currency market description is supported with scholarly sources. Some minor details are missing or need to be more fully developed.

Basic - Provides a limited description of forward, futures, and options foreign currency markets. Each foreign currency market description is somewhat supported with scholarly sources. Many relevant details are missing or need to be more fully developed.

Below Expectations - Attempts to provide a description of forward, futures, and/or options foreign currency markets; however, at least one currency market is not addressed. Each foreign currency market description is not supported with scholarly sources.

Non-Performance - The description of forward, futures and options foreign currency markets is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Delivers a thorough discussion of how each foreign currency market demonstrates arbitrage problems in international finance. Provides a detailed connection of the important factors of each market and potential arbitrage issues.

Proficient - Delivers a sufficient discussion of how each foreign currency market demonstrates arbitrage problems in international finance. Provides a mostly detailed connection between important factors of each market and potential arbitrage issues.

Basic - Delivers a discussion of how each foreign currency market demonstrates arbitrage problems in international finance. Somewhat establishes a connection between important factors of each market and potential arbitrage issues.

Below Expectations - Attempts to deliver a discussion of how foreign each currency market demonstrates arbitrage problems in international finance; however, at least one currency market is not addressed. The connection between important factors of each market and potential arbitrage issues is not established.

Non-Performance - The discussion of how each foreign currency market demonstrates arbitrage problems in international finance is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Conclusions and related outcomes are logical and clearly reflect the informed evaluation and ability to place evidence and perspectives discussed in priority order.

Proficient - Conclusions and related outcomes are logical and reflect the informed evaluation and ability to place evidence and perspectives discussed in priority order.

Basic - Conclusions and related outcomes are identified and minimally reflect the informed evaluation and ability to place evidence and perspectives discussed in priority order.

Below Expectations - Conclusions and related outcomes are not logical or reflective of the informed evaluation and ability to place evidence and perspectives discussed in priority order.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - Develops a logical, consistent plan to solve a problem, identifies consequences of the solution, and can clearly communicate the reason for choosing the solution.

Proficient - Carefully chooses among alternatives, and develops a logical, consistent approach to problem solving.

Basic - Takes into account and eliminates less acceptable approaches to problem solving.

Below Expectations - Takes into account a single approach and uses the approach to problem solving.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors, and is very easy to understand.

Proficient - Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors, and is mostly easy to understand.

Basic - Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors, which may slightly distract the reader.

Below Expectations - Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors, which distract the reader.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - Accurately uses APA formatting consistently throughout the paper, title page, and reference page.

Proficient - Exhibits APA formatting throughout the paper. However, layout contains a few minor errors.

Basic - Exhibits basic knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements.

Below Expectations - Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - The paper meets the specific page requirement stipulated in the assignment description.

Proficient - The paper closely meets the page requirement stipulated in the assignment description.

Basic - The paper meets over half of the page requirement stipulated in the assignment description.

Below Expectations - A fraction of the page requirement is completed.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.

Proficient - Uses required number of scholarly sources to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.

Basic - Uses less than the required number of sources to support ideas. Some sources may not be scholarly. Most sources on the reference page are used within the body of the assignment. Citations may not be formatted correctly.

Below Expectations - Uses inadequate number of sources that provide little or no support for ideas. Sources used may not be scholarly. Most sources on the reference page are not used within the body of the assignment. Citations are not formatted correctly.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.