A Foreign Exchange Dealer in Tokyo Posts an Ask Price

question 107

Multiple Choice

A foreign exchange dealer in Tokyo posts an ask price of 95.51 yen for AUD and a bid price of 95.48 yen.What is the dealer's profit on the simultaneous purchase and sale of AUD1 million?

• A)(¥30)loss
• B)¥30 profit
• C)(¥30,000)loss
• D)¥30,000 profit

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Definitions:

Path-goal Theory

A leadership theory that suggests leaders should adjust their style to fit the employees and task environment to achieve a goal.

Put Others First

A principle emphasizing the importance of prioritizing the needs and well-being of others over one's own interests.

Antecedent Conditions

Factors or circumstances existing before a particular event or situation that influence its occurrence or outcome.

Organizational Context

The set of circumstances or conditions, including culture, structure, and external environment, that surrounds and influences the operation of an organization.