Which One of the Following Is Correct If You Have

question 48

Multiple Choice

Which one of the following is correct if you have contracted to purchase 1,000 Swiss francs 3 months forward at a rate of SFr1.6/$?

• A) You pay $625 today for the francs.
• B) You pay $1,600 today for the francs.
• C) You pay $625 three months from now for the francs.
• D)You pay $1,600 three months from now for the francs.

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Definitions:

Middle Childhood

A developmental stage that typically covers the period from around 6 to 12 years of age, characterized by significant growth in cognitive, emotional, and social domains.

Industry Versus Inferiority

Erikson’s fourth stage of psychosocial development, in which children must learn the productive skills their culture requires or else face feelings of inferiority.

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Competent

Having the necessary ability, knowledge, or skill to do something successfully.