________ Give a Firm an Option but Not an Obligation

question 97

Multiple Choice

________ give a firm an option but not an obligation to exchange currency at a given rate.

• A)Currency forwards
• B)Currency options
• C)Currency futures
• D)Currency exchanges

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Definitions:

Groupthink

A psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Conformity

The act of aligning one's attitudes, beliefs, or behaviors with those of a group due to perceived pressure or the desire for acceptance.

Conflicts

Disagreements or disputes between individuals or groups due to differing needs, beliefs, or interests.

Group Development

The process through which a team evolves over time, typically moving through stages such as forming, storming, norming, performing, and adjourning.