3I0-012

3I0-012 practice questions, page 7 of 30, with answer review and explanations.

Question 31

If spot AUD/USD is quoted to you as 1.0420-25 and 1-month forward AUD/USD is quoted to you as 28/23, at what rate can you buy USD 1-month outright?

  1. 1.0448
  2. 1.0402
  3. 1.0397
  4. 1.0392

Question 32

The mid-rate for USD/CHF is 0.9300 and the mid-rate for NZD/USD is 0.8560. What is the mid rate for NZD/CHF?

  1. 0.7961
  2. 1.0864
  3. 1.7860
  4. 1.2561

Question 33

You quote a customer a spot cable 1.6050-55 in USD 3,000,000.00. If they sell USD to you, how much GBP will you be short of?

  1. 4,816,500.00
  2. 1,869,158.88
  3. 1,868,57677
  4. 4,815,000.00

Question 34

You are quoted the following market rates: spot USD/SEK 6.3850 1M (30-day) USD 0.40% 1M (30-day) SEK 1.15% What is 1-month USD/SEK?

  1. 6.4250
  2. 6.3810
  3. 6.7850
  4. 6.3890

Question 35

You are quoted the following market rates: Spot GBP/USD 1.5525 - 9M (272-day) GBP 0.81% 9M (272-day) USD 0.55% What are the 9-month GBP/USD forward points?

  1. -30
  2. +29
  3. -29
  4. +30