Question
Can you help to answer this question? Subject treasury management 11. When a bank decided to sell SGD/USD for 1 million at 1.5500, it means
Can you help to answer this question? Subject treasury management
| 11. | When a bank decided to sell SGD/USD for 1 million at 1.5500, it means the bank is | ||
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| A. | The bank is Long SGD 1,550,000 | |
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| B. | The bank is Short USD 1,550,000 | |
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| C. | The bank is Short SGD 1,000,000 | |
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| D. | The bank is Long USD 1,000,000 | |
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| Question 12 to 21, please refer to statement below. | ||
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| You are one of the Treasury Dealer at UUM Bank. You call USM Bank for a SGD/USD quote. USM Bank responded and says 1.50 80 / 00. | ||
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| 12. | At what rate can you buy SGD? | ||
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| A. | 1.5100 | |
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| B. | 1.6080 | |
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| C. | 1.5080 | |
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| D. | 1.7100 | |
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| 13. | At what rate can you buy USD? | ||
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| A. | 1.5100 | |
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| B. | 1.6080 | |
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| C. | 1.5080 | |
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| D. | 1.7100 | |
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| 14. | At what rate can you sell SGD? | ||
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| A. | 1.5100 | |
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| B. | 1.6080 | |
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| C. | 1.5080 | |
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| D. | 1.7100 | |
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| 15. | At what rate can you sell USD? | ||
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| A. | 1.5100 | |
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| B. | 1.6080 | |
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| C. | 1.5080 | |
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| D. | 1.7100 | |
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International Finance
Authors: Keith Pilbeam
3rd Edition
1403948372, 978-1403948373
