Multiple Choice
You have done the following deals in spot USD/JPY: Sold USD 5.0 million at 130.60 Bought USD 3.5 million at 130.20 Bought USD 2.0 million at 130.50 Sold USD 2.0 million at 130.55 What is your net position and average rate?
A) Short USD 1.5 million at 130.46
B) Long USD 1.5 million at 130.46
C) Short USD 1.5 million at 131.60
D) Long USD 1.5 million at 131.60
Correct Answer:
Verified
Correct Answer:
Verified
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