Answered step by step
Verified Expert Solution
Question
1 Approved Answer
just read the English part (4) In New York FOREX market, if Smith has been buying and selling euros for dollars throughout the day. By
just read the English part
(4) In New York FOREX market, if Smith has been buying and selling euros for dollars throughout the day. By early afternoon his position is as follows Dollar purchases $100,000,000 Dollar sales $80,000,000 In order to balance his position. He will ,, , , A. buy dollars B. fewer dollar purchases and more dollar sales C. sell euros D. do nothing ( ) 5) In New York FOREX market, if you buy 10 billion U.S. dollars at 30-day while sell this 10 billion U.S. dollars at 180-day. This transaction is called ,100 100 A. forward B. arbitrage C. buy and sell D. swap ( ) 6) When the foreign inflation rate decreases, according to monetary approach, under flexible exchange rate, it may cause ,, , A. domestic currency depreciate B. domestic currency appreciate C. foreign currency appreciate D. the foreign balance-of-trade to be worse ( ) 7) Which one is the character of foreign futures? A. tailors made B. OTC transaction C. contracted by buyers and sellers D. standard contract Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started