YOU HAVE A SHORT POSITION IN FOREIGN EXCHANGE FUTURES CONTRACTS ON GBP's. THE CONTRACT SIZE...
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YOU HAVE A SHORT POSITION IN FOREIGN EXCHANGE FUTURES CONTRACTS ON GBP's. THE CONTRACT SIZE IS GBP100,000. DURING THE DAY THE FUTURES EXCHANGE RATE (MEASURED IN $/GBP) INCREASED BY $0.01/GBP WHILE THE SPOT EXCHANGE RATE DECREASED BY $0.01/GBP. AS A RESULT, YOU...
Select one:
a. HAVE GAINED $1000.
b. ARE NOT ABLE TO ANSWER THE QUESTION BASED ON THE INFORMATION PROVIDED.
c. HAVE NEITHER GAINED NOR LOST.
d. HAVE LOST $1000.
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