ACI
3I0-012 · Question #615
3I0-012 Question #615: Real Exam Question with Answer & Explanation
The correct answer is B. A profit of EUR 16,847.58. See the full explanation below for the reasoning.
Question
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?
Options
- ANil
- BA profit of EUR 16,847.58
- CA loss
- DA profit of EUR 18,166.05
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