You Have Done the Following Deals in Spot USD/JPY: Sold

question 63

Multiple Choice

You have done the following deals in spot USD/JPY: Sold USD 5.0 million at 111.60 Bought USD 3.5 million at 111.20 Bought USD 2.0 million at 111.50 Sold USD 2.0 million at 111.55 What position do you now have?

• A) Short USD 1.50 million at 112.60
• B) Short USD 3.50 million at 111.75
• C) Long USD 1.50 million at 111.10
• D) Long USD 3.50 million at 111.55

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Definitions:

Empiricism

A philosophical standpoint emphasizing that knowledge comes primarily from sensory experience.

John Locke

John Locke was a 17th-century English philosopher and physician, widely recognized as one of the most influential Enlightenment thinkers, particularly regarding his theories of mind, identity, and empiricism.

Experience

The accumulation of knowledge or skills that comes from direct participation in events or activities.

Controlled Observation

A research paradigm in which an observer standardizes the conditions of observation for all participants, often introducing specific manipulations and recording responses.