A Customer Asks for a Price in 3- Month CHF/JPY

question 60

Multiple Choice

A customer asks for a price in 3- month CHF/JPY. You quote 56/54. The customer deals at 54. What have you done?

• A) Bought CHF against JPY spot and sold JPY against C
• B) Sold CHF against JPY spot and bought CHF against J
• C) Bought CHF against JPY spot and sold CHF against J
• D) Bought JPY against CHF 3-month outright

Know the impact of supply shifts on market outcomes.

Interpret graphical representations of changes in supply and quantity supplied.

Understand the relationship between supply, demand, and price changes.

Identify the impact of external factors such as natural disasters and seasonal changes on market equilibrium.

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Definitions:

Full-fare Air Ticket

A Full-fare Air Ticket is the purchase price for an airline seat without any discounts or promotions, usually offering maximum flexibility in terms of changes and cancellations.

Decision Tree

A graphical representation of possible solutions to a decision based on certain conditions or probabilities.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Coefficient of Variation

A measure of relative variability calculated as the standard deviation divided by the mean, often expressed as a percentage.