Jasper Pernik Is a Currency Speculator Who Enjoys "Betting" on Changes

question 48

Multiple Choice

Jasper Pernik is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. Jasper thinks the yen will move to ¥128.00/$ in the next six months. Jasper should ________ at ________ to profit from changing currency values.

• A) buy yen; the forward rate
• B) buy dollars; the forward rate
• C) sell yen; the forward rate
• D) There is not enough information to answer this question.

---

Definitions:

Logical

Pertaining to or characterized by clear, sound reasoning.

Abstractly

Thinking about something in a way that is not concrete or bound to tangible objects but rather in terms of ideas or concepts.

ABC Method

A prioritization technique used in time management where tasks are categorized into three groups (A, B, C) based on their importance and urgency.

Self-Management

A thought process that involves techniques you can use to help you manage your thoughts and behaviors, remain focused, overcome obstacles, and succeed.