1. What is the commonality between the Fed Funds rate and LIBOR?

		They both are based on lending on collateral.
		They both represent interbank borrowing.
		They both vary with the stock market indexes.

2. Bretton Woods conference took place at a time when:

		the International Investment Position for US was positive.
		The gold stock held by UK was large.
		Global trade was free of privileged access for some countries.

3. Under the gold exchange standard loans to help stabilize the fixed exchange rates were provided by:

		The World Bank
		The International Monetary Fund
		The Bank of International Settlements

4. Suppose euros are trading at $1.15 per euro in the spot market. A call option with 3 months to expiration is trading at $0.01 per euro. The strike price for the call is $1.18 per euro. The interest rate (in dollars) is 4% per annum or 1% for the three month period. What is the profit/loss for a speculator on a 10,000 contract with the strike price of $1.18 if the spot price was $1.20 at the time of the expiration of the contract?

		$110
		$105
		$99