Multiple Choice
You have made a price by a Japanese bank in (SD 2,000,000.00 against JPY. They made you 98.95-03 and you took the offer. USD/JPY is now quoted 98.78-81 and you square your position. What is your profit or loss?
A) Profit of JPY 340.000
B) Profit of JPY 1.500,000
C) Loss of JPY 340.000
D) LossofJPV 500.000
Correct Answer:
Verified
Correct Answer:
Verified
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