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Exam 3I0-012 All Questions
Exam 3I0-012 All Questions

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ACI-Financial 3I0-012 Question # 2 Topic 1 Discussion

3I0-012 Exam Topic 1 Question 2 Discussion:
Question #: 2
Topic #: 1

You have made a price by a Japanese bank in (SD 2,000,000.00 against JPY. They made you

98.95-03 and you took the offer. USD/JPY is now quoted 98.78-81 and you square your position.

What is your profit or loss?


A.

Profit of JPY 340.000


B.

Profit of JPY 1.500,000


C.

Loss of JPY 340.000


D.

LossofJPV 500.000


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