Which of the Following Is Correct If You Have Contracted

question 98

Multiple Choice

Which of the following is correct if you have contracted to purchase 1,000 Swiss Francs three months forward at a rate of Sf1.6/$?

• A)You pay approximately $625 today for the Francs
• B)You pay $1,600 today for the Francs
• C)You pay approximately $625 three months from now for the Francs
• D)You pay $1,600 three months from now for the Francs

---

Definitions:

Art Therapy

A therapeutic practice that uses the creative process of making art to improve a person's physical, mental, and emotional well-being.

Psychospiritual Context

A perspective that integrates psychological and spiritual aspects to understand and address issues in one's life.

Sociocultural

Pertaining to the combination of social and cultural factors that influence an individual's behavior, beliefs, and attitudes.

Physical

Relating to the body or to material things, as opposed to the mind or spirit.