Cable Is Quoted at 1

question 516

Multiple Choice

Cable is quoted at 1.5575-80 and you say "5 yours!" to the broker. What have you done?

• A) Sold USD 5,000,000.00 at 1.5575
• B) Sold GBP 5,000,000.00 at 1.5575
• C) Bought GBP 5,000,000.00 at 1.5580
• D) Bought USD 5,000,000.00 at 1.5580

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Definitions:

Punishment

A form of behavioral control involving the application of an unpleasant stimulus or removal of a pleasant stimulus in response to undesired behavior.

Positive Reinforcement

A technique in behavior modification that involves rewarding desirable behaviors, thereby increasing the likelihood of their recurrence.

Variable Interval Schedule

A reinforcement schedule where rewards are provided after an unpredictable time interval, leading to more consistent behavior.

Fixed Interval Schedule

A type of reinforcement schedule in operant conditioning where the first response after a fixed time period is rewarded.