ACI
3I0-012 · Question #709
You have done the following deals in spot USD/JPY: Sold USD 5.0 million at 130.60 Bought USD 3.5 million at 130.20 Bought USD 2.0 million at 130.50 Sold USD 2.0 million at 130.55 What is your net…
The correct answer is C. Short USD 1.5 million at 131.60. 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 130.60 Bought USD 3.5 million at 130.20 Bought USD 2.0 million at 130.50 Sold USD 2.0 million at 130.55 What is your net position and average rate?
Options
- AShort USD 1.5 million at 130.46
- BLong USD 1.5 million at 130.46
- CShort USD 1.5 million at 131.60
- DLong USD 1.5 million at 131.60
How the community answered
(29 responses)- A3% (1)
- B7% (2)
- C76% (22)
- D14% (4)
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