You bought USD 5,000,000 against EUR at 1.1037 and 3,000,000 at 1.1052. If the EUR/USD rate is now quoted 1.1015/17, and it you deal at that rate, what profitwould you make?

The correct answer is B. A profit of EUR 16,847.58. See the full explanation below for the reasoning.

Question

Options

ANil
BA profit of EUR 16,847.58
CA loss
DA profit of EUR 18,166.05

How the community answered

(17 responses)

B
82% (14)
C
6% (1)
D
12% (2)

Community Discussion

No community discussion yet for this question.

Full 3I0-012 Practice