A Foreign Exchange Dealer in New York Posts an Ask

question 10

Multiple Choice

A foreign exchange dealer in New York posts an ask price of .01818 for Indian rupees and a bid price of .01820.What is the dealer's profit on the simultaneous purchase and sale of 1 million rupees?

• A)$20 profit
• B)($20 )loss
• C)$200 profit
• D)($2)loss

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Definitions:

Positive Affect

A dimension of mood that involves feelings of joy, enthusiasm, and contentment.

Predict

To declare or indicate a future event or outcome based on observation, experience, or scientific reasoning.

Emotional Expressiveness

The extent to which people outwardly express their emotions.

Affect Intensity

The strength or degree to which people typically experience their emotions.