That Italian Antique Was Priced at 3 Million Lire Which,fortunately,does

question 98

Multiple Choice

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

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

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Definitions:

Psychosocial Theories

Theories that describe the influence of social factors on an individual's mind and behavior.

Sociocultural Needs

Refers to the requirements that are essential for an individual's social and cultural well-being and fulfillment.

Spiritual Needs

The aspects of life that pertain to an individual's sense of purpose, faith, hope, and connection to others and the universe.

Compulsions

Actions or thoughts that a person feels compelled to repeat due to an obsession or strict rules that need to be followed exactly.