If You Buy GBP 2,000,000 Against USD at 1

question 34

Multiple Choice

If you buy GBP 2,000,000 against USD at 1.6020; GSP 1,000,000 at 1.6035 and GBP 3,000,000 at 1.6028, what is the average rate of your position?

• A) 1.6035
• B) 1.6027
• C) 1.6030
• D) 1.6023

---

Definitions:

Public Diplomacy

The practice by which governments and private entities communicate and engage with foreign publics to influence their perception and behavior in favor of the communicator’s goals.

Political Objectives

are goals set by an organization or individuals that are aimed at influencing political environments or achieving specific political outcomes.

Halo Effect

A cognitive bias where one's overall impression of a person, brand, or product influences feelings and thoughts about that entity's character or properties.

Republic of South Korea

A sovereign country located in East Asia, known for its vibrant culture, advanced technology, and democratic government system.