ACI
3I0-012 · Question #572
Click on the Exhibit Button to view the Formula Sheet. Bank A pays for EURO 5 m at 1.1592. Bank B offers EURO 10 m at 1.1597. Broker XYZ quotes to the market EURO /USD 1.1592/97. Bank C takes the…
The correct answer is B. The name of Bank B only. See the full explanation below for the reasoning.
Question
Click on the Exhibit Button to view the Formula Sheet. Bank A pays for EURO 5 m at 1.1592. Bank B offers EURO 10 m at 1.1597. Broker XYZ quotes to the market EURO /USD 1.1592/97. Bank C takes the offer at 97. The broker is obliged to reveal:
Options
- AThe name of Banks A and B.
- BThe name of Bank B only.
- CThe amount that was bid but not the name of Bank A.
- DNone of the above
How the community answered
(50 responses)- A12% (6)
- B78% (39)
- C6% (3)
- D4% (2)
Community Discussion
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