People with a characteristic called hardiness ______. a. use ...

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People with a characteristic called hardiness ______.
 
  a. use tough love to motivate themselves and others
  b. focus on the hard facts rather than biased information
  c. maintain their composure when under stress
  d. have a particularly difficult time rebounding from failure

Question 2

What are the characteristics of the forward market? Why do companies participate in the forward market? Provide an example to illustrate your answer.
 
  What will be an ideal response?

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Answer to Question 1

c

Answer to Question 2

The spot market is for foreign-exchange transactions that occur within two business days, but in some transactions a seller extends credit to the buyer for a period that is longer than two days. The forward rate is the rate quoted today for future delivery. The most widely traded currencies in the forward market are the British pound, Canadian dollar, Japanese yen, and Swiss franc. Many currencies do not have a forward market due to the small size and volume of transactions in that currency. The difference between the spot and forward rates is either the forward discount or the forward premium. If the forward rate for a foreign currency is less than the spot rate, the foreign currency is selling at a forward discount. If the forward rate is greater than the spot rate, the foreign currency is selling at a forward premium. For example, a Japanese exporter of consumer electronics might sell television sets to a U.S. importer with immediate delivery but payment due in 30 days. The U.S. importer is obligated to pay in yen in 30 days and may enter into a contract with a currency dealer to deliver the yen at a forward ratethe rate quoted today for future delivery.