Exhibit 22 -Refer to Exhibit 22

question 20

Multiple Choice

Exhibit 22.1
Use the Information Below for the Following Problem(S)
$\begin{array}{|l|c|l|l|l|}\hline \text { Option Type } & & \text { Currency } &{\text { Canadian dollar }} \\\hline \text { Contract Size } & & 50000 & {\text { Canadian dollars }} \\\hline \text { Expiry } & & \text { April } & & \\\hline & & & & \\\hline \text { Strike } & \text { Call } & \text { Put } & & \\\hline \$ 0.815 & \$ 0.0118 & & & \\\hline \$ 0.820 & & \$ 0.0068 & & \\\hline\end{array}$
-Refer to Exhibit 22.1.If the spot rate at expiration is $0.80 and the call option was purchased,what is the dollar gain or loss?

• A) $123 gain
• B) $590 loss
• C) $312 gain
• D) $237 gain
• E) $0

Examine the escalating tensions leading to the Revolutionary War, including the events and reactions to the Boston Massacre and the Intolerable Acts.

Evaluate the significance of key documents and congresses in the progression toward American independence, including the Declaration of Independence.

Understand the impact of George III's reign on colonial policies and the response of the American colonies.

Analyze the economic factors contributing to the prosperity of certain groups in North America.

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Definitions:

Renewal

The process of making something valid for an additional period or restoring it to a fresh condition.

Buyer in the Ordinary Course of Business

A term that describes a purchaser who buys goods in good faith from a seller who routinely deals in such goods, without knowledge that the sale violates the rights of a third party.

Good Faith

Honesty in fact.

Goods

All physically existing things that are movable at the time of identification to the contract for sale.