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any based in the United States sells 19. A comp $50,000 of merchandise to a company in Great Britain; purchase terms require the Britis company

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any based in the United States sells 19. A comp $50,000 of merchandise to a company in Great Britain; purchase terms require the Britis company to pay 20,000 in three same time, the United States conm a contract with its bank to sell 20,000 fo for dollars in three months. Therward two transactions is that months. At the net effect of the (A) the revenue in dollars three months hence a speculative position will be created in which the United States company will profit if the dollar appreciates versus pound over the next three months (B) the British (C) the payment for the British company will be (D) the profits on the sale of the merchandise fixed at $60,000 will be tied to the exchange rate of dollars British pounds any based in the United States sells 19. A comp $50,000 of merchandise to a company in Great Britain; purchase terms require the Britis company to pay 20,000 in three same time, the United States conm a contract with its bank to sell 20,000 fo for dollars in three months. Therward two transactions is that months. At the net effect of the (A) the revenue in dollars three months hence a speculative position will be created in which the United States company will profit if the dollar appreciates versus pound over the next three months (B) the British (C) the payment for the British company will be (D) the profits on the sale of the merchandise fixed at $60,000 will be tied to the exchange rate of dollars British pounds

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