Multiple Choice
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 if you deal at that rate, what profit would you make?
A) Nil
B) A profit of EUR 16,847.58
C) A loss
D) A profit of EUR 18,166.05
Correct Answer:
Verified
Correct Answer:
Verified
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