ACI
3I0-012 · Question #706
You have done the following deals in spot USD/JPY: Sold USD 5.0 million at 111.60 Bought USD 3.5 million at 111.20 Bought USD 2.0 million at 111.50 Sold USD 2.0 million at 111.55 What position do…
The correct answer is A. Short USD 1.50 million at 112.60. See the full explanation below for the reasoning.
Question
You have done the following deals in spot USD/JPY:
Sold USD 5.0 million at 111.60 Bought USD 3.5 million at 111.20 Bought USD 2.0 million at 111.50 Sold USD 2.0 million at 111.55 What position do you now have?
Options
- AShort USD 1.50 million at 112.60
- BShort USD 3.50 million at 111.75
- CLong USD 1.50 million at 111.10
- DLong USD 3.50 million at 111.55
How the community answered
(34 responses)- A79% (27)
- B3% (1)
- C12% (4)
- D6% (2)
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