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Free 3I0-012 Exam Braindumps (page: 29)

Page 28 of 186
PDF with 740 Questions

Spot EUR/USD is 1.3050-53 and EUR interest rates are lower than USD interest rates. Would you expect the forward points for EUR/USD to be:

  1. added to spot
  2. subtracted from spot
  3. a negative value
  4. Insufficient information to decide

Answer(s): A



The forward points are calculated using:

  1. The level of interest rates in the base currency
  2. The level of interest rates in the quoted currency
  3. The interest rates in the two currencies
  4. Your expectations of the future spot rate

Answer(s): C



If you are trading spot on an ATS (Automated Trading System) and see a price for EUR/USD of

1.3050-53. If you hit the button marked “YOURS”, what have you done?

  1. Bought EUR at 1.3053
  2. Bought USD at 1.3053
  3. Sold EUR at 1.3050
  4. Sold USDatl.3050

Answer(s): C



3-month EUR/USD FX swaps are quoted to you at 8/12. If the “points are in your favor”, what have you done?

  1. Bought and sold 3-month EUR/USD through the swap
  2. Sold and bought 3-month EUR/USD through the swap
  3. Made the quote
  4. Cannot say

Answer(s): A






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