You Are an Active Currency Trader in the Dollar-Euro Market

question 20

Multiple Choice

You are an active currency trader in the dollar-euro market.The current market quote ($/€) is 1.51-1.55.You do not want to trade much and would rather take the afternoon off because you have no idea where the market is going.Which of the following quotes is the most likely one you will present to the market given your objectives?

• A)1.52-1.56
• B)1.50-1.54
• C)1.50-1.56
• D)1.52-1.54

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Definitions:

Cost Center Manager

An individual responsible for managing a section of a business that does not directly generate revenue, focusing on controlling costs.

Production Line Worker

An individual who works on a manufacturing line, responsible for assembling products or part of them during the manufacturing process.

Controllable Expense Report

A financial report that highlights expenses which can be managed or influenced by decisions made by a company or department.

Actual Expenses

Expenses that have been paid out or actually incurred, as opposed to budgeted or projected expenses.