If the bank purchases more of foreign exchange than the selling of it, then it will have a __________…
A bank has a long foreign-exchange position when its purchases exceed its sales. A short or oversold position arises when sales exceed purchases, while a squared position…
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If the bank purchases more of foreign exchange than the selling of it, then it will have a __________ position.
Answer and explanation
Correct answer B
A bank has a long foreign-exchange position when its purchases exceed its sales. A short or oversold position arises when sales exceed purchases, while a squared position has matching purchases and sales.
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Maharashtra and Goa SET (MH SET)