An Importer Will Be Required to Purchase USD in Approximately

question 108

Multiple Choice

An importer will be required to purchase USD in approximately six months to pay for a consignment of goods.The company is concerned that the AUD may depreciate before the due date and therefore decides to enter into a forward exchange contract to protect its position.The company receives the following quote: 'the Aussie is fifty-eight forty-five to fifty-three,sixty-two to sixty six'.Calculate the forward exchange rate.

• A) AUD/USD 0.5783-87
• B) AUD/USD 0.5907-19
• C) AUD/USD 0.5911-15
• D) AUD/USD 0.6465-13

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Definitions:

Unconscious Personality Dynamics

The underlying forces and interrelations between unconscious processes that shape an individual's personality and behavior.

Neurological Sense

Pertains to the function and processes of the nervous system, particularly in interpreting and responding to sensory information.

Collective Unconscious

Carl Jung’s concept of a shared, inherited reservoir of memory traces from our species’ history.

Psychodynamic Perspective

A psychological theory that emphasizes the role of unconscious processes and childhood experiences in shaping behavior and personalities.