At the End of the Day, You Are Short CHF

question 188

Multiple Choice

At the end of the day, you are short CHF 3,500,000.00 against SEK at 6.9275. You are asked to revalue your position at 6.9190. What is the resulting profit or loss?

• A) Profit of CHF 29,750.00
• B) Profit of SEK 29,750.00
• C) Loss of SEK 29,750.00
• D) Loss of CHF 29,750.00

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Definitions:

Specifications

Detailed descriptions or guidelines defining requirements, dimensions, materials, or performance criteria for projects, products, or services.

Comply

To act according to an order, set of rules, or request.

Market Price

The current price at which an asset or service can be bought or sold in the marketplace.

Balloons

Financial term referring to a lump-sum payment due at the end of a loan term or payment plan, typically much larger than the preceding installments.