Use the Following Information to Answer This Question $\bullet$ Current Spot Rate C$1

question 33

Multiple Choice

Use the following information to answer this question:
$\bullet$ Current Spot Rate C$1.10 per $US
$\bullet$ Future Spot Rate C$1.1063 per $US
$\bullet$ Forward Rate C$1.1044 per $US
$\bullet$ Exposure $100,000 US.
What is the profit in Canadian dollars of covering the long position?

• A)C$110
• B)C$116
• C)C$114
• D)C$190

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Definitions:

Neurotransmitters

Chemicals that transmit signals across a synapse from one neuron to another, playing a crucial role in process of communication within the nervous system.

Nissl Bodies

Rough endoplasmic reticulum and ribosomes found in neurons, involved in protein synthesis.

Axon Hillocks

The cone-shaped area of a neuron where the axon begins, playing a critical role in the initiation of nerve signals.

Telodendria

The very fine, terminal branches of a neuron's axons that help in transmitting the nerve impulse to other neurons or to the muscles.