How many Yen would you pay to buy 1 ounce of gold if you were quoted the following?
XAU/USD 1575.25-75 USD/JPY 96.55-60
A. JPY 152,090
B. JPY 152,139
C. JPY 152,169
D. JPY 152,217
If GBP/USD is 1.5350-53 and USD/JPY is 97.50-53, what is GBP/JPY?
A. 149.66-74
B. 149.69-71
C. 63.52-53
D. 63.51-54
The 180-day CAD/CHF rate is bid 62 and the 90-day CAD/CHF rate is bid 29. What is the bid rate for 120 days, assuming straight-line interpolation?
A. 33
B. 42
C. 27
D. 40
You are quoted the following rates:
Spot cable1.5340-43 0/N cable swap0.14/0.11 T/N cable swap0.16/0.13 S/N cable swap0.43/0.37
At what rate can you buy cable for value tomorrow?
A. 1.534284
B. 1.534316
C. 1.534287
D. 1.534313
The market is quoting:
1-month (30-day) GBP 0.47% 7-month (213-day) GBP 0.74% What is the 1x7 rate in GBP?
A. 0.7956%
B. 0.7946%
C. 0.7840%
D. 0.7732%
Today is the fixing date for a 6x9 FRA that you sold at 2.55%. BBA LIBOR fixes at 2.7175%. Which of the following is true?
A. You will pay a net settlement amount
B. You will receive a net settlement amount
C. There will be an exchange of gross interest payments in 2 business days
D. There will be an exchange of gross interest payments in 3 months
In order to be introduced in a controlled manner, which areas should be involved before a new product or business strategy is launched?
A. Product Control, Legal and Compliance, Front Office, Treasury and Operations
B. Senior management only
C. Front Office and Treasury Middle Office
D. All relevant areas
Which of the following currencies is quoted on an ACT/365 basis for the calculation of interest on interbank deposits in London?
A. EUR
B. JPY
C. HKD
D. AUD
A negative yield curve is one in which:
A. Longer rates are lower than short rates
B. Forward exchange rates are at a discount
C. Short term rates are lower than long
D. Forward exchange rates are a premium
What is the day count/annual basis convention for JPY money market deposits?
A. ACT/365
B. ACT/360
C. ACT/ACT
D. 30E/360
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