A Closed Position in a Particular Foreign Currency Exists

question 407

Multiple Choice

A closed position in a particular foreign currency exists:

• A) when the net spot position plus the forward position plus the delta equivalent of the foreign currency options book add up to zero
• B) when the forward purchases of a foreign currency are equivalent to the equity position in that same currency
• C) when the reverse repurchases of foreign currency are equal to the forward purchases of the functional currency
• D) when the maturity structure of the assets in one currency is closely matched to the maturity structure of liabilities in another

---

Definitions:

GAD

Generalized Anxiety Disorder, a psychological condition marked by ongoing and extreme concern over multiple facets of one's life.

Cognitive

Pertaining to the mental processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Neuropsychological

Relating to the relationship between brain function and behavior.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification and diagnostic tool used by mental health professionals.