3I0-012

3I0-012 practice questions, page 23 of 30, with answer review and explanations.

Question 111

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

Question 112

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

Question 113

If spot GBP/CHF is quoted 1.4275-80 and the 3-month forward outright is 1.4254-61, what are the forward points?

  1. 19/21
  2. 2.1/1.9
  3. 21/19
  4. 0.21/0.19

Question 114

Your are quoted the following rates: Spot CHF/JPY105.12-22 - 3M CHF/JPY 3.5/4.5 At what rate can you buy 3-month outright JPY against CHF?

  1. 105.085
  2. 105.265
  3. 108.62
  4. 105.155

Question 115

EUR/USD is 1.3080-83 and EUR/CHF is 1.2160-63. What price would you quote to a customer who wishes to sell CHF against USD?

  1. 1.0759
  2. 0.9299
  3. 1.5909
  4. 0.9295