ACI

3I0-012 · Question #13

You have quoted spot USD/CHF at 0.9423-26. Your customer says "I take 5". What does he mean?

The correct answer is D. He buys USD 5,000,000.00 at 0.9426. See the full explanation below for the reasoning.

Question

You have quoted spot USD/CHF at 0.9423-26. Your customer says "I take 5". What does he mean?

Options

AHe buys CHF 5,000,000.00 at 0.9423
BHe buys CHF 5,000,000.00 at 0.9426
CHe buys USD 5,000,000.00 at 0.9423
DHe buys USD 5,000,000.00 at 0.9426

How the community answered

(56 responses)

A
9% (5)
B
4% (2)
C
5% (3)
D
82% (46)

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