Jasper Pernik Is a Currency Speculator Who Enjoys "Betting" on Changes

question 15

Multiple Choice

Jasper Pernik 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/$. Jasper thinks the yen will move to ¥128.00/$ in the next six months. If Jasper buys $100,000 worth of yen at today's spot price and sells within the next six months at ¥128/$, he will earn a profit of:

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

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Definitions:

Offensive Lockouts

A strategy used by employers to pressure a union by temporarily closing the workplace to prevent employees from working.

Public Safety

The welfare and protection of the general public, usually expressed through services provided by government agencies like police, fire departments, and emergency medical services.

Permanent Strike Replacements

Workers hired by an employer to permanently replace employees who are on strike, affecting the striking workers' rights to return to their jobs.

Decertification Election

A formal process in which employees vote to remove the representation of a labor union in their workplace.