You Are Quoted the Following Rates: Spot GBP/USD      1

question 370

Multiple Choice

You are quoted the following rates: Spot GBP/USD      1.5295-00 Spot USD/CHF       0.9320-23 6M GBP/USD swap     16/12 6M USD/CHF swap      22/18 Where can you buy GBP against CHF 6-month outright?

• A) 1.4206
• B) 1.4215
• C) 1.4217
• D) 1.4225

---

Definitions:

Dollar Sales

The total monetary value of sales transactions within a specific period, expressed in dollars.

Profit and Loss Statement

A financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year, also known as an income statement.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific products or services based on the actual activities and resources used in the production or delivery process.

Break-Even Point

The point at which total costs equal total revenues, meaning no net profit or loss is realized.