n NISM Certifications
XIII NISM Series XIII
Medium

A trading member has clients 'A' and 'B' in currency futures and client 'C' in currency options. At the end of the day: A has 5000 USD short, B has 4000 USD long (both in futures), and C has 2000 USD long (in options). What is the gross open position?

Practice question from NISM Series XIII for SIF - Mock Test 10 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    3000 USD

  2. B

    9000 USD

  3. 11000 USD

    Correct answer

  4. D

    1000 short for currency futures and 2000 long for currency options

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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