Multiple Choice
At the end of the day you are short EUR 10 million against GBP at 0.6712. You are asked to revalue your position at a EUR/GBP rate of 0.6729. What is the resulting profit or loss?
A) Loss of GBP 17,000
B) Profit of GBP 17,000
C) Loss of EUR 17,000
D) Profit of EUR of 17,000
Correct Answer:
Verified
Correct Answer:
Verified
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