Click on the Detail Button to view the Formula Sheet. Cable is quoted at 1.6075-80 and you say "5 yours!" to the broker. What have you done?
A. Sold USD 5 million at 1.6075
B. Sold GBP 5 million at 1.6075
C. Bought GBP 5 million at 1.6080
D. Bought USD 5 million at 1.6080
Click on the Detail Button to view the Formula Sheet. Automatic trading systems for interbank spot FX display the best prices entered into the systems by users and:
A. Display the names of those users along their prices
B. Offer pre-trade anonymity to users quoting prices
C. Offer pre and post-trade anonymity to users quoting prices
D. Offer users the choice of whether to remain anonymous
Click on the Detail Button to view the Formula Sheet. For which countrys currency is ZAR the ISO code?
A. Saudi Arabia
B. South Africa
C. Zimbabwe
D. Zambia
Click on the Detail Button to view the Formula Sheet. What is the ISO code for the Lebanon pound?
A. LEP
B. LBD
C. LBP
D. LNP
Click on the Detail Button to view the Formula Sheet. A dealer needs to buy USD against SGD. Of the following rates quoted to him, which is the best rate for him?
A. 1.4323-28
B. 1.4320-25
C. 1.4315-20
D. 1.4318-23
Click on the Detail Button to view the Formula Sheet. The one-month (31-day) GC repo rate for French government bonds is quoted to you at 3.75-80%. As collateral, you are offered EUR25 million nominal of the 5.5% OAT April 2006, which is worth EUR 28,137,500. If you impose an initial margin of 1%, the Repurchase Price is:
A. EUR 27,947,276.43
B. EUR 27,946,077.08
C. EUR 27,950,071.43
D. EUR 27,948,871.97
Click on the Detail Button to view the Formula Sheet. What are the secondary market proceeds of a CD with a face value of EUR 5 million and a coupon of 3% that was issued at par for 182 days and is now trading at 3% but with only 7 days remaining to maturity?
A. EUR 4,997,085.03
B. EUR 5,000,000.00
C. EUR 5,071,086.45
D. EUR 5,072,874.16
Click on the Detail Button to view the Formula Sheet. The two-week repo rate for the 5.25% bund 2007 is quoted to you at 3.33-38%. You agree to reverse in bonds worth EUR 266,125,000 with no initial margin. You would earn repo interest of:
A. EUR 349,806
B. EUR 344,632
C. EUR 319,315
D. EUR 324,110
Click on the Detail Button to view the Formula Sheet. A 7% CD was issued recently, at par, which you now purchase at 6.75%. You would expect to pay:
A. The face value of the CD
B. More than the face value
C. Less than the face value
D. Too little information to decide
Click on the Detail Button to view the Formula Sheet. A CD with a face value of USD 250 million was issued at par with a coupon of 5% for 91 days. You buy it in the secondary market when it has 30 days remaining to maturity and is trading at 5.25%. How much do you pay?
A. USD 252,056,972.97
B. USD 252,028,916.32
C. USD 250,000,000.00
D. USD 248,911,014.31
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