You Are Quoted the Following Rates: Spot USD/JPY        97

question 280

Multiple Choice

You are quoted the following rates: Spot USD/JPY        97.10-15 3M USD/JPY swap         9/6 Spot USD/CHF         0.9320-23 3M USD/CHF swap         11/8 Where can you sell CHF against JPY 3-month outright?

• A) 104.14
• B) 104.21
• C) 104.23
• D) 104.30

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Definitions:

Stringed Instruments

Musical instruments that produce sound through the vibration of strings, which can be plucked, strummed, or bowed.

Percussion Instruments

Instruments that produce sound through being struck, shaken, or scraped, such as drums, cymbals, and xylophones.

Size

A dimension or measurement of an object or area, expressed in terms of length, width, height, volume, or mass.

Water

Water is a transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's streams, lakes, and oceans, and the fluids of most living organisms.