What is a Commodity Market; state the three (3) investment characteristics of commodities (2+1+1+1=5 marks)

b) Investor can resort to a number of tactics in order to benefit from currency movement. State and explain two such tactics (2 + 2 = 4 marks)

c) Explain the two ways an investor can invest in Commodities [2 + 2 = 4 marks)

d) Assuming that the demand curve for British pounds in terms of the U.S. dollar is a normal downward sloping demand curve. Explain what would happen in terms of the demand for British goods and also value of the British Pounds. [5 marks]

e) If the USD/CAD exchange rate is 1.0950 and the bank states and exchange rate of 1.12 what is the bank's percentage mark-up? [2 marks]

f) If the CAD/USD exchange rate is 0.9132 and the bank states and exchange rate of 0.9382 what is the bank's percentage mark-up? [2 marks]