ACI

3I0-012 · Question #695

A customer asks for a price in 3-month CHF/JPY. You quote 56/54. The customer deals at 54. What have you done?

The correct answer is C. Bought CHF against JPY spot and sold CHF against JPY 3-month forward. See the full explanation below for the reasoning.

Question

A customer asks for a price in 3-month CHF/JPY. You quote 56/54. The customer deals at 54. What have you done?

Options

ABought CHF against JPY spot and sold JPY against CHF 3-month forward
BSold CHF against JPY spot and bought CHF against JPY 3-month forward
CBought CHF against JPY spot and sold CHF against JPY 3-month forward
DBought JPY against CHF 3-month outright

How the community answered

(36 responses)

A
6% (2)
B
17% (6)
C
69% (25)
D
8% (3)

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Full 3I0-012 Practice