Test your knowledge: Back office – Advanced level

Test your knowledge about operations, as well as ICT processes, finance & control, accounting and legal aspects
Knowledge related to Operations, Business Control & Finance is not just relevant for Back Office staff, but also for IT specialists, legal experts, compliance officers, controllers and accountants.
At this advanced level you are tested with respect to your skills, the application of knowledge and therefore practice

A bank makes a market in the EUR/USD exchange rate: 1.4034-1.4036. Suppose you buy 10 million USD from them, then what do you receive?



A real option is:



A bank makes a market in the EUR/USD exchange rate: 1.4034-1.4036. Suppose you sell 10 million USD to them, then what do you receive?



How are weather derivatives settled?



Novation is:



An embedded option is:



Cascading brings along:



How are freight derivatives settled?



Cascading may involve:



Fair value accounting refers to: