ACI Dealing Certificate 3I0-012 Question # 369 Topic 15 Discussion

ACI Dealing Certificate 3I0-012 Question # 369 Topic 15 Discussion

3I0-012 Exam Topic 15 Question 369 Discussion:
Question #: 369
Topic #: 15

You bought USD 5,000,000 against EUR at 1.1037 and 3,000,000 at 1.1052. If the EUR/USD rate is now quoted 1.1015/17, and it you deal at that rate, what profitwould you make?


A.

Nil


B.

A profit of EUR 16,847.58


C.

A loss


D.

A profit of EUR 18,166.05


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