A trader that is long in the futures market has purchased a futures contract
a. true
b. false
Ans: a. true
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Using the table above, if the current market value of the dollar is 90 francs
A) investor A expects dollar appreciation, but B and C expect depreciation. B) investor C expects dollar depreciation, but A and B expect appreciation. C) all three investors expect the dollar to appreciate. D) all three investors expect the dollar to depreciate.
If the money supply is $80 billion, the velocity of money is 5, and real GDP is $320 billion, then the price level equals:
a. 51.20. b. 20. c. 4. d. 2.75. e. 1.25.
Autonomous real investment spending is
A. the level of investment expenditure required to keep the economy expanding at its current growth rate. B. the level of investment expenditure required to replace capital lost to depreciation. C. the level of investment expenditure that would prevail if interest rates were zero. D. the level of investment expenditure that is independent of real GDP.
The market in which the currency of one country is traded for the currency of another country is called
A. the futures market. B. the commodities market. C. the foreign exchange market. D. the international trade market.