Jasper Pernik Is a Currency Speculator Who Enjoys "Betting" on Changes

question 15

Multiple Choice

Jasper Pernik is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. Jasper thinks the yen will move to ¥128.00/$ in the next six months. If Jasper buys $100,000 worth of yen at today's spot price and sells within the next six months at ¥128/$, he will earn a profit of:

• A) $146.09.
• B) $101,460.94.
• C) $1460.94.
• D) nothing; he will lose money

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Definitions:

Compound-complex Sentence

A sentence that contains at least two independent clauses and one or more dependent clauses, offering nuanced information or perspective.

Sentence Pattern

The structure and format in which words are arranged to create sentences, involving the order of subjects, verbs, and objects.

Indirect Strategy

A communication method where background information and supporting details are presented before the main idea or purpose.

Run-on Sentence

A grammatically faulty sentence in which two or more main clauses are joined without a conjunction or proper punctuation.