The spot ZAR/HKD cross-rate is closest to: A. 0.9205. B. 1.0864. C. 1.2978. A dealer provides spot

Question:

The spot ZAR/HKD cross-rate is closest to:

A. 0.9205.

B. 1.0864.

C. 1.2978.

A dealer provides spot rate quotes for the following currencies:

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2024 CFA Program Curriculum Level I Volume 1

ISBN: 9781953337672

1st Edition

Authors: CFA Institute

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Question Posted: Feb 01, 2024 08:02 AM

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The spot ZAR/HKD cross-rate is closest to: A. 0.9205. B. 1.0864. C. 1.2978. A dealer provides spot

Question:

Currency CNY/HKD CNY/ZAR CNY/SEK Spot rate 0.8422 0.9149 1.0218

Step by Step Answer:

A is correct To get to the ZARHKD cross...View the full answer

2024 CFA Program Curriculum Level I Volume 1

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