The Current Spot Exchange Rate Is $1

question 54

Multiple Choice

The current spot exchange rate is $1.55/€ and the three-month forward rate is $1.50/€.You enter into a short position on €1,000.At maturity,the spot exchange rate is $1.60/€.How much have you made or lost?

• A)Lost $100
• B)Made €100
• C)Lost $50
• D)Made $150

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Mintzberg

Henry Mintzberg, a renowned academic and author on business and management, known for his work on organizational structures and management strategy.

Organize

The act of arranging or structuring elements in a systematic way to achieve a specific goal or manage activities efficiently.

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The power to influence or direct people's behavior or the course of events.