A broker offers a dealer a financial incentive in the form of a price reduction to the previously agreed brokerage arran

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A broker offers a dealer a financial incentive in the form of a price reduction to the previously agreed brokerage arrangements between the firms.
A. This is considered as a normal discount for bulk business.
B. The offer should be agreed only by directors or senior management on each side and should be recorded in writing.
C. The offer should be expressly approved by both the individuals concerned and clearly recorded in writing.
D. The Model Code strongly discourages such practices.

Answer : B



What is the Overnight Index for EUR?
A. EURIBOR
B. EONIA
C. EUREPO
D. EURONIA

Answer : B



Which of the following CHF/JPY quotes that you have received is the best rate for you to buy CHF?
A. 105.80
B. 105.75
C. 105.70
D. 105.85

Answer : C



What is the amount of the principal plus interest due at maturity on a 1-month (32-day) deposit of USD 50,000,000.00 placed at 0.37%?
A. EUR 50,015,416.67
B. EUR 50,016,219.18
C. EUR 50,016,444.44
D. EUR 50,016,958.33

Answer : C



You quote a customer a spot cable 1.6050-55 in USD 3,000,000.00. If they sell USD to you, how much GBP will you be short of?
A. 4,816,500.00
B. 1,869,158.88
C. 1,868,57677
D. 4,815,000.00


Answer : C