Dash Brevenshure Works for the Currency Trading Unit of ING

question 79

Multiple Choice

Dash Brevenshure works for the currency trading unit of ING Bank in London. He speculates that in the coming months the dollar will rise sharply vs. the pound. What should Dash do to act on his speculation?

• A) Buy a call on the pound.
• B) Sell a call on the pound.
• C) Buy a put on the pound.
• D) Sell a put on the pound.

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Definitions:

Social Interaction

Involves people communicating face-to-face and acting and reacting in relation to other people. It is structured around norms, role, and statuses.

Authority Structure

The way in which power and authority are distributed and exercised within an organization or society.

Artificial

Something made or produced by human beings rather than occurring naturally, typically as a copy of something natural.

Obey

To follow the directives or commands of someone with authority or a set of rules or laws.