ACI
3I0-012 · Question #708
3I0-012 Question #708: Real Exam Question with Answer & Explanation
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Question
At the end of the day you are short EUR 10 million against GBP at 0.6712. You are asked to revalue your position at a EUR/GBP rate of 0.6729. What is the resulting profit or loss?
Options
- ALoss of GBP 17000
- BProfit of GBP 17,000
- CLoss of EUR 17,000
- DProfit of EUR of 17,000
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