Andrea Cujoli Is a Currency Speculator Who Enjoys "Betting" on Changes

question 26

Multiple Choice

Andrea Cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. Andrea thinks the yen will move to ¥128.00/$ in the next six months. If Andrea buys $100,000 worth of yen at today's spot price and sells within the next six months at ¥128/$ she will earn a profit of ________.

• A)$146.09
• B)$101,460.94
• C)$1460.94
• D)nothing; she will lose money

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Definitions:

Self-disclosure

Self-disclosure is the process of revealing personal information, thoughts, or feelings to others, which can contribute to building trust and fostering deeper relationships.

Organizational Setting

The physical and social environment in which an organization operates, including its culture, structure, and processes.

Professional Success

The achievement of career objectives and recognition in one's professional field.

Self-disclosure

The act of revealing personal information to others which can build trust and intimacy in relationships.