A Swiss Portfolio Manager Has a Significant Portion of the Portfolio

question 24

Essay

A Swiss portfolio manager has a significant portion of the portfolio invested in dollar-denominated assets. The money manager is worried about the political situation surrounding the next U.S. presidential election and fears a potential drop in the value of the dollar. The manager decides to
sell the dollars forward against Swiss francs.
a. Give some reasons why the Swiss money manager should use futures rather than forward currency contracts?
b. Give some reasons why the Swiss money manager should use forward currency contracts rather than futures?

Explain the concept of hypnosis and its psychological perspectives.

Describe the mechanisms and effects of meditation on health.

Understand the basis and effects of drug addiction and dependency.

Differentiate between the myths and science behind the effects of hypnosis on pain management.

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Definitions:

Thoracentesis

A medical procedure involving the insertion of a needle into the pleural space to remove fluid for diagnostic or therapeutic purposes.

Dorsal Recumbent Position

A position where the patient lies on their back with legs bent and knees apart, used for medical examinations or procedures.

Sims' Position

A body posture for patients during examinations or treatments, lying on their left side with the right knee bent toward the chest.

Abdominal Paracentesis

A medical procedure involving the needle extraction of fluid from the abdominal cavity.