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Free 3I0-012 Exam Braindumps (page: 8)

Page 7 of 186
PDF with 740 Questions

You have quoted spot USD/CHF at 0.9423-26. Your customer says “I take 5”. What does he mean?

  1. He buys CHF 5,000,000.00 at 0.9423
  2. He buys CHF 5,000,000.00 at 0.9426
  3. He buys USD 5,000,000.00 at 0.9423
  4. He buys USD 5,000,000.00 at 0.9426

Answer(s): D



A 12-month EUR/USD swap is quoted at 41/44. EUR interest rates are expected to fall, with USD interest rates remaining stable.

Assuming no change in the spot rate what effect would you expect on the forward points?

  1. Unchanged
  2. Move towards 28/31
  3. Move towards 5 7/60
  4. Insufficient information

Answer(s): C



Assuming a flat yield curve in both currencies, when quoting a 1- to 2-month forward FX time option price in a currency pair trading at a discount to a customer:

  1. you would take as bid rate the bid side of the 2-month forward and as offered rate the offered side of the 1-month forward
  2. you would take as bid rate the offered side of the 2-month forward and as offered rate the bid side of the 1-month forward
  3. you would take as bid rate the offered side of the 1-month forward and as offered rate the offered side of the 2-month forward
  4. you would take as bid rate the bid side of the 1-month forward and as offered rate the bid side of the 2-month forward

Answer(s): A



Clients of a voice-broker quote EUR/USD at 1.3556-61, 1.3559-62, 1.3557-63 and 1.3555-59.

What will be the broker’s price?

  1. 1.3559 choice
  2. 1.3555-63
  3. 1.3559-62
  4. 1.3556-59

Answer(s): A






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