If One Has Agreed to Buy Foreign Exchange Forward

question 41

Multiple Choice

If one has agreed to buy foreign exchange forward

• A)you have a short position in the forward contract.
• B)you have a long position in the forward contract.
• C)until the exchange rate moves, you haven't made money, so you're neither short nor long.
• D)you have a long position in the spot market.

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Definitions:

Archaeological Site

Locations where remains of past human activities are preserved and which archaeologists study to understand historical cultures and civilizations.

Paleoanthropology

The anthropological study of biological changes through time (evolution) to understand the origins and predecessors of the present human species.

Human Evolution

The lengthy process of change by which people originated from apelike ancestors, spanning millions of years.

Biological Anthropology

The systematic study of humans as biological organisms. Also known as physical anthropology.