Assume That the British Pound (£) Futures Price for September

question 111

Multiple Choice

Assume that the British pound (£) futures price for September is $1.60. Given that 62,500 units are in a British pound futures contract, the seller of British pound futures will receive $____ on the delivery date.

• A) 39,062.50
• B) 100,000
• C) 48,000
• D) 87,062.50

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Definitions:

Night Terrors

A sleep disorder causing feelings of terror or dread, typically occurring during non-REM sleep stages, and often accompanied by screaming, sweating, and confusion upon waking.

Insomnia

A sleep disorder characterized by difficulty falling asleep, staying asleep, or obtaining restorative sleep, leading to daytime impairments.

Sleeptalking

A phenomenon where individuals talk during their sleep, often without being aware of it upon awakening.

Tolerance

The diminishing effect with regular use of the same dose of a drug, requiring the user to take larger and larger doses before experiencing the drug’s effect.