ACI
3I0-012 · Question #708
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?
The correct answer is A. Loss of GBP 17000. See the full explanation below for the reasoning.
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
How the community answered
(45 responses)- A82% (37)
- B2% (1)
- C7% (3)
- D9% (4)
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