A ________ gives the holder the right (but not the obligation) to sell a foreign currency at some time in the future at a price set today.
A. put option
B. forward exchange contract
C. currency swap
D. call option
Answer: A
Economics
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A severe drought has devastated cocoa plants, causing an increase in the price of chocolate. In the market for chocolate chip cookies
A) a surplus will arise. B) supply has decreased and price has increased. C) quantity has decreased and price has decreased. D) quantity demanded has increased.
Economics
Suppose that under its collective bargaining agreement, the XYZ Co can only hire union members in good standing at the time of hiring. XYZ Co is
A) a union shop. B) a closed shop. C) an open shop. D) a company union.
Economics