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:

Age Stereotyping

Preconceived and oversimplified beliefs about the abilities, characteristics, and behaviors of individuals based solely on their age.

Appearance

The way in which an individual or object looks to others, encompassing physical characteristics and attire.

Forgetfulness

The inability to remember information or experiences, which can be a normal part of aging or related to various health conditions.

Function

The purpose, role, or activity that something is designed or expected to perform.