n NISM Certifications
NSM General NISM
Medium

How is the profit or loss realized on the USDINR September futures transaction using FIFO?

Practice question from NISM Series I - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs 2500

  2. B

    Rs 4000

  3. C

    Loss Rs 3000

  4. Zero

    Correct answer

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

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