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CIMAPRA17-BA1-1 Exam - Topic 1 Question 17 Discussion

A forward exchange contract would be appropriate (or a company that
A) is due to receive a payment denominated in foreign currency today
B) is due to receive a large payment denominated in foreign currency in five months' time
C) is worried that its products are becoming less competitive due to a general appreciation of the domestic currency over lime
D) is expected to pay a substantial amount denominated in national currency to a foreign creditor m six months' time

CIMAPRA17-BA1-1 Exam - Topic 1 Question 17 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 17
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

A forward exchange contract would be appropriate (or a company that

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Suggested Answer: A

by Alline at May 04, 2022, 10:17 PM

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Tayna
10 months ago
I agree with B, locking in rates for future payments is a solid move!
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Kerrie
10 months ago
Wait, can a forward contract really help with D? Seems risky.
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Abel
11 months ago
A is not right, you can't hedge something that's due today.
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Florinda
11 months ago
I think C makes sense too, hedging is smart.
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Tammara
11 months ago
Definitely B, timing is key for forward contracts!
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Jennifer
11 months ago
I feel pretty confident about this question. Just-in-time systems rely on a smooth, reliable supply chain, so any disruptions could be a major problem. That's why I think option B is the best answer.
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Janey
11 months ago
Okay, let me think this through step-by-step. Eval commands are used to evaluate expressions, and the results of those evaluations need to be stored somewhere. I'm guessing it's probably in a database or some kind of data structure, but I'm not totally sure. I'll make my best educated guess and move on to the next question.
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Tashia
11 months ago
I vaguely recall that for these types of problems, the total successful outcomes over total combinations is key. I hope I can compute it correctly!
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