Question 1

Which of the following are transferable instruments?

Options :

A : US Treasury bill

B : Eurocertificate of deposit

C : CP

D : All of the above

Answer: D

Question 2

Dealers are authorized to deal:

Options :

A : anywhere, even away from their own dealing premises

B : after-hours, but only from their private residence

C : after-hours, but only if listed as such by management

D : away from their broker-s dealing premises

Answer: C

Question 3

Mark-to-market' in a repo means:

Options :

A : Revaluing collateral

B : Revaluing collateral versus cash

C : Calculating the net replacement cost

D : Calculating net present value

Answer: B

Question 4

You have quoted a Swiss customer spot USD/CHF as 1.3710-15, but he asks you to quote it as CHF/USD.What do you quote?

Options :

A : 1.3710-15

B : 0.7294-91

C : 0.7291-94

D : None of these

Answer: C

Question 5

You borrow GBP 2,500,000.00 at 0.625% for 165 days. How much do you repay including interest?

Options :

A : GBP 2,507,106.16

B : GBP 2,507,161.46

C : GBP 2,507,006.85

D : GBP 2,507,063.36

Answer: D

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