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Jan Got Lost in Downtown Toronto and Asked a Stranger

question 228

Multiple Choice

Jan got lost in downtown Toronto and asked a stranger "Do you know how to get to the train station?" The stranger replied, "Yes", and walked away. The stranger has failed to use which of the following aspects of language?


Definitions:

Spot Rate

The existing selling or buying price of a certain currency for transactions that are completed right away.

Fair-Value Hedge

A hedge that is used to mitigate the risk of changes in the fair value of an asset, liability, or an unrecognized firm commitment.

Cost of the Hedge

The expenditure associated with implementing and maintaining a hedge against financial risk.

Fair-Value Hedge

A hedge of the exposure to changes in fair value of an asset or liability or an identified portion of such an asset or liability that is attributable to a particular risk.

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