In the CURRENCY TRADING Section of the Wall Street Journal,the

question 92

Multiple Choice

In the CURRENCY TRADING section of The Wall Street Journal,the following appeared under the heading OPTIONS:

• A)(i),(ii),and (iii)
• B)(ii),(iii),and (iv)
• C)(iii)and (iv)
• D)(iv)and (v)

Philadelphia Exchange		Puts
Swiss France			69.33
62,500 Swiss Francs-cents per unit	Vol.		Last
68 May	12		0.30
69 May	50		0.50

Which combination of the following statements are true?
(i) The time values of the 68 May and 69 May put options are respectively .30 cents and .50 cents.
(ii) The 68 May put option has a lower time value (price) than the 69 May put option.
(iii) If everything else is kept constant,the spot price and the put premium are inversely related.
(iv) The time values of the 68 May and 69 May put options are,respectively,1.63 cents and 0.83 cents.
(v) If everything else is kept constant,the strike price and the put premium are inversely related.

Appreciate the historical and theoretical development of behaviorism and its contributions to psychology.

Recognize the societal and ethical implications of using behavior modification.

Understand the concept and application of a token economy in reinforcing behavior.

Recognize the principles of social learning and its impact on behavior.

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