At the End of the Day, You Are Short CHF

question 188

Multiple Choice

At the end of the day, you are short CHF 3,500,000.00 against SEK at 6.9275. You are asked to revalue your position at 6.9190. What is the resulting profit or loss?

• A) Profit of CHF 29,750.00
• B) Profit of SEK 29,750.00
• C) Loss of SEK 29,750.00
• D) Loss of CHF 29,750.00

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Definitions:

Incompatible Motivations

Incompatible motivations describe a psychological state where an individual has two or more desires or needs that conflict with each other, making it difficult to satisfy all simultaneously.

Conflict

A struggle or clash between opposing forces or individuals, often involving a disagreement or competition.

Thwarted

Prevented from accomplishing a goal or fulfilling a desire; obstructed.

Pursuit

The act of following or chasing something with the goal of catching or achieving it.