ACI Dealing Certificate 3I0-012 Question # 354 Topic 14 Discussion

ACI Dealing Certificate 3I0-012 Question # 354 Topic 14 Discussion

3I0-012 Exam Topic 14 Question 354 Discussion:
Question #: 354
Topic #: 14

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?


A.

Loss of GBP 17000


B.

Profit of GBP 17,000


C.

Loss of EUR 17,000


D.

Profit of EUR of 17,000


Get Premium 3I0-012 Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.