ACI
3I0-012 · Question #648
Cable is quoted at 1.6075-80 and you say "5 yours!" to the broker. What have you done?
The correct answer is B. Sold GBP 5 million at 1.6075. See the full explanation below for the reasoning.
Question
Cable is quoted at 1.6075-80 and you say "5 yours!" to the broker. What have you done?
Options
- ASold USD 5 million at 1.6075
- BSold GBP 5 million at 1.6075
- CBought GBP 5 million at 1.60B0
- DBought USD 5 million at 1.6080
How the community answered
(25 responses)- A12% (3)
- B72% (18)
- C12% (3)
- D4% (1)
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