That Italian Antique Was Priced at 3 Million Lire That

question 65

Multiple Choice

That Italian antique was priced at 3 million lire that, fortunately, does not have to be paid for three months.The lira has a spot exchange rate of L2,000/$(U.S.) but is trading three months forward at a 5% discount.If you contract ahead now, how many U.S.Dollars will the antique cost?

• A)$1,425
• B)$1,429
• C)$1,575
• D)$1,579 forward discount =

---

Definitions:

Psychoactive Drugs

Substances that can alter consciousness, mood, thoughts, or perceptions, commonly including both legal and illegal drugs.

Antipsychotic

A class of medication primarily used to manage psychosis, including delusions, hallucinations, paranoia or disordered thought, predominantly in conditions like schizophrenia and bipolar disorder.

Dopaminergic

Pertaining to dopamine, a neurotransmitter involved in reward, motivation, and the regulation of movement and emotional responses.

Antidepressant

A medication or substance used to alleviate symptoms of depression by balancing neurotransmitter levels in the brain.