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The given statements are related to financial derivatives. Choose the correct answer for the statements being correct or incorrect.
Statement I A speculator will gain, if he sells foreign currency under a forward contract, when the spot price is higher than the forward price.
Statement II In currency futures, intra currency spread exists when a speculator buys/sells the same currency for two delivery dates.

The given statements are related to financial derivatives. Choose the correct answer for the statements being correct or incorrect.
Statement I A speculator will gain, if he sells foreign currency under a forward contract, when the spot price is higher than the forward price.
Statement II In currency futures, intra currency spread exists when a speculator buys/sells the same currency for two delivery dates. Correct Answer Statement II is correct, but Statement I is incorrect

Related Questions

Which of the following statements are correct?
Statement I In a forward market, the delivery and payment takes in future at a predetermined price. The prices are determined today, but the currencies are exchanged in future. Forward market comprises of trade of various instruments however, it is central to the exchange of foreign currency.
Statement II A forward market is an Over-the-Counter market which sets the rate for future delivery of currency, assets or financial securities.
A shopkeeper has 11 books of same cost price. He sells the first book at certain price, then he sells second book at a price which is Rs. 1 less than the selling price of first book and then he sells third book at a price which is Rs. 1, less than the selling price of second book. Following this pattern, he sold all 11 books. If he sells sixth book at its cost price. Find the over-all percent profit or loss on selling all 11 books = ?
The price comparison is done for six doors G1, G2, G3, G4, G5, and G6. No two doors have the same prices. The price of G3 is less than two doors only. The price of G1 is less than G3 but higher than G4. The price of G3 is less than that of G2. If the value of G6 is maximum, then which of the following statement(s) is/are correct about the G5 door? I. Price of G1 is less than G5 II. Price of G4 is more than G5
There are eight cars A, B, C, D, E, F, G and H. Each car has a different price. Price of C is more than that of A and D. Price of at least two cars is less than A. Price of F is more than that of G and H. Price of D is less than G, but more than E. Price of B is less than H, but more than G. Price of at least four cars is more than that of C. Which of the following sequence is correct?
Given below are three quantities named A, B and C. Based on the given information, determine the relation among the three quantities. Quantity 1: The marked price of a timex sports watch was Rs.720. A man bought the same for Rs. 550.80 after getting two successive discounts, the first being 10%. What was the second discount rate? Quantity 2: The shopkeeper sold his good at half the list price and thus lost 20%. If he had sold on the listed price, find the gain percent. Quantity 3: The timber trader marked his good at 20% above the cost price. He sold half the stock at the marked price, one quarter at a discount of 20% on the marked price and the rest at the discount of 30% on the marked price. Find the total gain.
The following two statements relate to financial derivatives. Choose the correct answer for statements being correct or incorrect.
Statement I When an option is allowed to be exercised only on the maturity date, it is called an American option.
Statement II If the option holder does not lose or gain whether he exercise his option or buys or sells the asset form the market, the option is said to be at-the-money.
Given below are quantities named A,B and C. Based on the given information, you have to determine the relation between the quantities. You should use the given data and your knowledge of mathematics to choose among the possible answer. Shrikant sells an item to Dharmesh at 30% profit. Dharmesh sells it to Rahul at 40% profit and Rahul sells it to Prashant at Rs. 350 profit. The difference between the cost price of Prashant and the cost price of Shrikant is Rs. 1252. How much did Dharmesh pay to Shrikant for the item? Quantity A: Cost price of Prashant Quantity B: Cost price of Dharmesh Quantity C: Cost price of Rahul
Match List I with List II: List I (Pricing Strategies) List II (Description) (A) Ramsay pricing (I) Setting a high price when a product is first introduced and gradually lowering price as it gains scale (B) Price skimming (II) Firm charges lower price (than the ongoing price) to gain market entry (C) Cost plus pricing (III) Price deviations from marginal cost should be inversely proportional to price elasticity of the product (D) Penetration pricing (IV) It is full cost pricing strategy that also includes mark up for target return, degree of competition, price elasticity and availability of substitutes. Choose the correct answer from the options given below:
Give the correct sequence of steps involved in the process of receiving the supplies in a food service establishment.
1. Quality of ingredients are checked with specifications given to supplier.
2. Counts, weights or volume are checked to tally with amounts of various items on the delivery note.
3. Unacceptable items are returned with the person executing the delivery along with a note on delivery challan stating the items returned.
4. Delivery note is checked with copy of the order placed.
5. Delivery challan is countersigned by the receiving authority and the deliverer of supplies.
Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A. At what price the two stores bought the product from the company?