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:

Polygamy

A marital practice in which an individual has more than one spouse simultaneously.

Polyandry

A form of marriage in which a woman has two or more husbands at the same time, a practice that is rare and typically found in certain cultures and societies.

Swinging

A lifestyle choice or activity in which couples engage in sexual activities with other partners, often within a recreational or social context.

Surveillance

The close observation or monitoring of individuals or groups, often by government or organizational entities, for the purpose of managing, influencing, or protecting them.