A British Pound Futures Contract Is for 62,500 Pounds

question 17

Multiple Choice

A British Pound futures contract is for 62,500 pounds.The futures exchange rate today on the pound is $1.51 and will be $1.55 in 60 days.If you purchase the contract today to hedge a British pound liability due in 60 days,how much would you gain (lose) on the contract?

• A)gain $417
• B)lose $417
• C)gain $2,500
• D)lose $2,500

Identify the structure and impact of the federal tax system on different income groups.

Understand the changes in the distribution of personal income tax responsibilities across income groups over time.

Identify the main sources of federal government revenue and their relative significance.

Recognize the economic implications of the size and structure of government on economic growth.

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Definitions:

Deregulation

The reduction or elimination of government power in a particular industry, usually to foster more competition and increase efficiency.

NLRA

The National Labor Relations Act, a cornerstone in U.S. labor law, facilitates the process of collective bargaining and aims to curtail the prevalence of unfair labor practices.

Free Market Forces

The natural regulatory mechanisms of a free market economy, driven by supply, demand, and competition.

Social Movement Unionism

A trend within labor movements that emphasizes broader social justice issues beyond just the workplace, linking labor struggles with other social and political movements.