$$ Answer true or false

$1.$ If an option is profitable, it is considered out of money

$2.$ If a market basket goods cost $$100$ in the US and $70$ in France then the PPP

exchange rate will be $$0\mathrm{.}70$ per euro

$3.$ If the holder of a put makes a profit then the losses of the writer of the put are limited to the premium

$4.$ If an imported good is relatively price inelastic, it may often demonstrate a high degree of pass through

$5.$ A futures contract in a currency market is a rick management tool that peovides a hedge against the changes in exvhange rates

$6.$ Speculation in the forward market occurs when the investor believes that the spot price at a future date will be fair from today's forward price for the same date

$7.$ The assumptions for absolute PPP more rigid than the assumptions for relative PPP

$8.$ The law of one price states that identical products sold in two different markets without restrictions or transportation costs will have the same price in both markets

$9.$ A speculator Is considering a currency futures contract she believes that a currency will fall in value against another given this information the speculator is likely to adopt a long position.

$10.$ Generally speaking the theory of absolute purchasing power parity works better for a market basket of goods than a single good