Suppose That Citibank Buys a Large Amount of Japanese Yen

question 6

Multiple Choice

Suppose that Citibank buys a large amount of Japanese yen from Toyota and Citibank does not want to continue holding too much yen.How should Citibank adjust its buy rate and sell rate of the yen yen per dollar to "square off"?

• A) Citibank has to raise both buy and sell rates.
• B) Citibank has to raise the buy rate, but lower the sell rate.
• C) Citibank has to lower the buy rate, but raise the sell rate.
• D) Citibank has to lower both buy and sell rates.

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Definitions:

Psychoanalysis

A form of psychotherapy developed by Sigmund Freud that emphasizes unconscious processes and past conflicts as determinants of behavior.

Dreams

Sequences of thoughts, images, and sensations occurring in a person's mind during sleep.

LSD

Lysergic acid diethylamide, a powerful hallucinogenic drug known for altering perception, feelings, and thoughts.

Allan Memorial Institute

A psychiatric institution associated with McGill University, known for its role in controversial MKUltra mind control experiments.