ACI
3I0-013 · Question #224
If you had bought USD/CNY at 6.2500 in a NDF and if it fixed at a spot rate of 6.3000, you would expect to:
The correct answer is B. Pay a cash settlement in CNY. See the full explanation below for the reasoning.
Question
If you had bought USD/CNY at 6.2500 in a NDF and if it fixed at a spot rate of 6.3000, you would expect to:
Options
- APay a cash settlement in USD
- BPay a cash settlement in CNY
- CReceive a cash settlement in USD
- DReceive a cash settlement in CNY
How the community answered
(13 responses)- B77% (10)
- C15% (2)
- D8% (1)
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