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

question 84

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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. If Jasper buys $100,000 worth of yen at today's spot price her potential gain is ________ and her potential loss is ________.


Definitions:

Training

The act of providing individuals with the knowledge and skills needed to perform specific tasks or jobs effectively.

Department Meeting

A structured gathering of members within a particular department of an organization, aimed at discussing relevant issues, progress, and plans.

Agenda

A list or plan of topics to be discussed or actions to be taken during a meeting or event, typically organized in order of priority.

Body Language

Non-verbal communication through physical behaviors, such as gestures, postures, and facial expressions, which can reveal a person's feelings and intentions.

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