question archive A forward contract to deliver British pounds for U
A forward contract to deliver British pounds for U
Subject:FinancePrice:2.87 Bought7
A forward contract to deliver British pounds for U.S. dollars could be described either as ______ or _______.
A) buying dollars forward, buying pounds forward
B) selling pounds forward; selling dollars forward
C) selling pounds forward; buying dollars forward
D) selling dollars forward; buying pounds forward
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Answer is C.
Selling Pounds forward,Buying Dollars forward.
Because we have to get US Dollars
so either we have sell pounds or have to buy Dollars
Then only finally we will get dollars
