ACI
3I0-012 · Question #506
You have made a price by a Japanese bank in (SD 2,000,000.00 against JPY. They made you 98.95-03 and you took the offer. USD/JPY is now quoted 98.78-81 and you square your position. What is your…
The correct answer is D. LossofJPV 500.000. See the full explanation below for the reasoning.
Question
You have made a price by a Japanese bank in (SD 2,000,000.00 against JPY. They made you 98.95-03 and you took the offer. USD/JPY is now quoted 98.78-81 and you square your position. What is your profit or loss?
Options
- AProfit of JPY 340.000
- BProfit of JPY 1.500,000
- CLoss of JPY 340.000
- DLossofJPV 500.000
How the community answered
(32 responses)- A13% (4)
- B3% (1)
- C6% (2)
- D78% (25)
Community Discussion
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