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Future contract quantity

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Future contract quantity

  • This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
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  • August 14, 2019 at 3:05 am #527449
    Anonymous
    Inactive
    • Topics: 51
    • Replies: 52
    • ☆☆

    To find out number of currency future quantity, sometimes, starting future rate is used and sometimes lock in rate is used for quantity calculation. Which one is correct one and are both acceptable?

    August 14, 2019 at 11:19 am #527559
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54735
    • ☆☆☆☆☆

    The exam will accept both, although using the lock-in rate is more sensible.

    August 14, 2019 at 1:13 pm #527576
    Anonymous
    Inactive
    • Topics: 51
    • Replies: 52
    • ☆☆

    Thank you 🙂

    August 14, 2019 at 2:39 pm #527591
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54735
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
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