ACI
3I0-012 · Question #659
If you buy GBP 2,000,000 against USD at 1.6020; GSP 1,000,000 at 1.6035 and GBP 3,000,000 at 1.6028, what is the average rate of your position?
The correct answer is B. 1.6027. See the full explanation below for the reasoning.
Question
If you buy GBP 2,000,000 against USD at 1.6020; GSP 1,000,000 at 1.6035 and GBP 3,000,000 at 1.6028, what is the average rate of your position?
Options
- A1.6035
- B1.6027
- C1.6030
- D1.6023
How the community answered
(27 responses)- A4% (1)
- B74% (20)
- C7% (2)
- D15% (4)
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