Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 1992, George Sorros made $1 billion within a week by short selling the British pound, then bought them back after the pound fell by

In 1992, George Sorros made $1 billion within a week by short selling the British pound, then bought them back after the pound fell by 10%. So my question is, what financial product did he use ?

1. Spot

2. Forward contract

3. Non-deliverable forward contract

4. Futures

5. Options

6. Swaps

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

CL I P COL Astro- L(1-cas0) Lsing *A=2 L sin(0/2)

Answered: 1 week ago