If one has agreed to buy foreign exchange forward
A) you have a short position in the forward contract.
B) you have a long position in the forward contract.
C) until the exchange rate moves, you haven't made money, so you're neither short nor long.
D) you have a long position in the spot market.
Correct Answer:
Verified
Q63: Which of the following are correct?
A)
Q64: Which of the following are correct?
A)
Q65: The current spot exchange rate is $1.55/€
Q66: Relative to the spot price the forward
Q66: Consider a trader who takes a long
Q70: The current spot exchange rate is $1.55/€
Q70: The $/CD spot bid-ask rates are $0.7560-$0.7625.
Q71: The current spot exchange rate is $1.45/€
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Q80: The current spot exchange rate is $1.55/€
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