Which One of the Following Is Correct If You Have

question 36

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 CHF1.6 = USD1?

• 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:

Ulrich Beck

A German sociologist best known for his theory of "risk society," highlighting the ways modern society deals with risks and uncertainties.

Zygmunt Bauman

A sociologist known for his analyses of modernity, postmodernity, and the societal impacts of globalization, consumerism, and ethics.

Eastern

Referring to the regions, cultures, or characteristics of the East, often in context of geography, like Asia, or in comparison to the Western world.

Western

Pertaining to or characteristic of the cultures, institutions, and thought originating from or associated with Europe and North America.