3I0-012

3I0-012 practice questions, page 5 of 30, with answer review and explanations.

Question 21

Voice-brokers in spot FX act as:

  1. Proprietary traders
  2. Market-makers
  3. Matched principals
  4. Agents

Question 22

Are the forward points significantly affected by changes in the spot rate?

  1. Never
  2. For very large movements and longer terms
  3. Always
  4. Spot is the principal influence

Question 23

In GBP/CHF, you are quoted the following prices by four different banks. You are a buyer of CHF. Which is the best quote for you?

  1. 1.4340
  2. 1.4343
  3. 1.4337
  4. 1.4335

Question 24

Which of the following CHF/JPY quotes that you have received is the best rate for you to buy CHF?

  1. 105.80
  2. 105.75
  3. 105.70
  4. 105.85

Question 25

You have quoted spot USD/CHF at 0.9423-26. Your customer says “I take 5”. What does he mean?

  1. He buys CHF 5,000,000.00 at 0.9423
  2. He buys CHF 5,000,000.00 at 0.9426
  3. He buys USD 5,000,000.00 at 0.9423
  4. He buys USD 5,000,000.00 at 0.9426