A Forward Contract to Deliver British Pounds for U

question 41

Multiple Choice

A forward contract to deliver British pounds for U.S. dollars could be described either as ________ or ________.

• A) buying dollars forward; buying pounds forward
• B) selling pounds forward; selling dollars forward
• C) selling pounds forward; buying dollars forward
• D) selling dollars forward; buying pounds forward

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Definitions:

Oil-Producing Nations

Countries that have significant oil reserves and whose economies are heavily dependent on the exploration and exportation of oil.

World Bank

A global financial organization that offers loans and grants to lower-income nations' governments to help them undertake infrastructure projects.

Water Shortfall

A situation where the available water resources are insufficient to meet the demands of a population or region.

Formal Education

Structured and systematic instruction in academic content provided by schools and other educational institutions, following specific curricula.