The natural business year is a fiscal year that starts and ends at the time the stock of merchandise is normally at its highest level

Dash Brevenshure works for the currency trading unit of ING Bank in London. He speculates that in the coming months the dollar will rise sharply vs. the pound. What should Dash do to act on his speculation?

A) Buy a call on the pound. B) Sell a call on the pound. C) Buy a put on the pound. D) Sell a put on the pound.

In the case of interest rate movements the most important factor corresponds to

A. A parallel shift B. A slope change C. A bowing D. An increase in short rates