ACI
3I0-012 · Question #238
Cable is quoted at 1.5575-80 and you say "5 yours!" to the broker. What have you done?
The correct answer is B. Sold GBP 5,000,000.00 at 1.5575. See the full explanation below for the reasoning.
Question
Cable is quoted at 1.5575-80 and you say "5 yours!" to the broker. What have you done?
Options
- ASold USD 5,000,000.00 at 1.5575
- BSold GBP 5,000,000.00 at 1.5575
- CBought GBP 5,000,000.00 at 1.5580
- DBought USD 5,000,000.00 at 1.5580
How the community answered
(33 responses)- A9% (3)
- B70% (23)
- C18% (6)
- D3% (1)
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