If you were a currency speculator who could perfectly foresee 3 months into the future,...
70.2K
Verified Solution
Link Copied!
Question
Finance
If you were a currency speculator who could perfectly foresee 3 months into the future, based on the information presented below, would you rather take a long (buy British pounds) or a short position (sell British pounds) in the three-month forward contract for British pounds on 2/1/XX?
a) short
b) long
I need a clear explanation!! Please indicate which number is increase or decrease