If You Have a Commitment to Pay a Friend in Britain

question 37

Multiple Choice

If you have a commitment to pay a friend in Britain 1,000 pounds in 30 days,and you are holding US dollars,you could remove the risk of loss due to the appreciation of the pound by:

• A)Buying dollars in the 30-day forward market
• B)Selling dollars in the 30-day forward market
• C)Buying pounds in the 30-day forward market
• D)Selling pounds in the 30-day forward market

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Definitions:

Automated Vehicles

vehicles equipped with technology that allows them to navigate and operate without human input.

IoT Communications

The exchange of data and information between Internet of Things (IoT) devices and systems over various communication protocols.

Bluetooth

A wireless technology standard for exchanging data over short distances between fixed and mobile devices, creating personal area networks.

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within 4 cm of each other.