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BPP Mock 1 Q2

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › BPP Mock 1 Q2

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by AvatarJohn Moffat.
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  • August 19, 2018 at 2:22 pm #468506
    Avatarrichardscully
    Participant
    • Topics: 197
    • Replies: 145
    • ☆☆☆

    Dear Sir

    I switched the currency around to work in 1.4 instead of 0.6….My answers were very close..Is that OK/

    Also the second part of the question they refer to futures we sold….I thought the rule was if you were buying in the contract currency you buy futures and seeing the net payment was in Euros and the contract price was Eu, then surely you would buy futures. My net effect was close but not exact as i did 1/.65…??

    August 19, 2018 at 5:07 pm #468527
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54839
    • ☆☆☆☆☆

    I have no idea which currency you are talking about – where are you getting 0.6 from??

    I think you must have a different edition of the Revision Kit. Q2 Mock exam 1 in my book is a question called Retilon plc

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