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Suppose that you are a currency speculator, based in the U.S., attempting to capitalize on a possible depreciation of the Canadian dollar (C$). On have

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Suppose that you are a currency speculator, based in the U.S., attempting to capitalize on a possible depreciation of the Canadian dollar (C\$). On have C$130,000.00 to use on these positions. On January 1st, you sell a futures contract specifying C$130,000.00 at $0.69 per Canadian dollar with a March 10 th settlement date. On the settlement date, you will (U.S. dollars) in exchange for the C\$130,000.00. TOTAL SCORE: 0/3 (to complete this step and unlock the next step)

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