Click on the Exhibit Button to view the Formula Sheet. How much is a big figure worth per
million of base currency if EUR/GBP is 0.6990?
Answer : A
Click on the Exhibit 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?
Answer : D
Click on the Exhibit 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:
Answer : D
Click on the Exhibit Button to view the Formula Sheet. Fraud is typically classified as:
Answer : D
Click on the Exhibit Button to view the Formula Sheet. You are quoting forward FX prices to
a broker subject to finding a counterparty for a matching transaction. The Model Code
says:
Answer : A
Click on the Exhibit Button to view the Formula Sheet. Which of following is not true?
Answer : B
Click on the Exhibit Button to view the Formula Sheet.
How many USD would you have to invest at 3.5% to be repaid USD125 million (principal
plus interest) in 30 days?
Answer : B
Click on the Exhibit Button to view the Formula Sheet. If spot GBP/CHF is quoted 2.3875-
80 and the 3-month forward outright is 2.3660-70, what are the forward points?
Answer : C
Click on the Exhibit Button to view the Formula Sheet. It is June. You are over-borrowed
from October to January on your deposit book. How would you hedge using FRAs?
Answer : C
Click on the Exhibit Button to view the Formula Sheet. Confirmations must be sent out:
Answer : B
Click on the Exhibit Button to view the Formula Sheet. If 6-month EUR/AUD is quoted at
29/32, which of the following statements is correct?
Answer : B
Click on the Exhibit Button to view the Formula Sheet. The theta of an option is:
Answer : C
Click on the Exhibit Button to view the Formula Sheet. What is the incentive for market-
making?
Answer : D
Click on the Exhibit Button to view the Formula Sheet. The mid-rate for USD/CHF is 1.3950
and the mid-rate for AUD/USD is 0.7060. What is the mid-rate for CHF/AUD?
Answer : A
Click on the Exhibit Button to view the Formula Sheet. What is the probability of an at-the-
money option being exercised?
Answer : B