SE cx jae teat wns 9 selection of questions fram mithin the Foptoe teested fervor vom AD16 on 23/03/2006 6:35:06 mt [ae report hae heen waved ar C:\BUGHM FILES\MINEGHDOWEISODIG2.TZ1. It nay be eed wring the special Deczyption utility 36 thie hae been lerovided uuler the terme Of four 1ivence. ihe tral minimen size of traneaction in the Spot silver martet in London ix 50,000 fine troy omer with dealers willing to offer capetitire lericoo for nach larger voluey for cliente. Gotion 1: a discount of USD 4.06 ‘Option B: 9 prontan of USD 3.88 ‘Option Cé a prontan o€ 15D 4. (ption b: a atecomat af =D 3 = 3, a narket nator sole mot and mys forvané at a prenten oF USD 5,38 calculated 26 jasoa on tho ra potnt of the eBot gold price 282.(252-50 5 90 5.80 7 (360 0 lowsrian 2 + 1onre: Precious Hetsl= Option A Gold Fixing OLticial Rate ‘Option B: Cond Ordinary Financing Rato ‘Option ¢é cond Foren (ption bs cand Foremed Ottesed Rate (eo stands tor Cold Forward Ottered Rate, These aro rates at wich contributors are prepared to Lon gold on a emp against IS doLlare. loesriun 4 + 10Ptc: Preciour Hetale ‘Option & The weight Of gold contalned 1n a har, cotn oF buTLon ae determined by Aividing the grees weLANE by the Ciaeneae Dotson a: the aeagne of gold cantasned am a har, coin ar bullien at determined Ry mulesplying he geone weight hy the fiaenest lption ¢: the proportion ot ypla contained 2m a‘bor, cain ay builsen eivided by 1000 (Option D: the gross meaght of Bar, coun ar bullaon ‘ho wetgnt of gold contained in a ar, cota or bullion ab detemined by mtipiying the geass weLent by lene wesght sr celeelated ar the weight of gold contained in a bar, coin or bullion ar determined by multiplying the greee weight by the ‘ption A: at market opening ant market closing each dy =Te correct option vow Cr 16,30 aman 5 Ite daaly Lonion gold ficing ie calculated ar the aterage price at which all major hid orders are filled, and ir ret twice cach Duin day once at 10-30 aun ant again at 3-50 pore) by gud trading apecialiato at the gold trating ingtitations operating in Lonion, Parks ant lnwsrian ¢ ; norte: Precious tetas (Gption 1: rater at which contributors are prepared to sell gold against US dollars ‘Option B: ratoe at which coateibutore are prepared to Tend US Dollars on a evap against GoId ‘Option Cé the datty Gold Fiaing rates at 12-08 100% London tine ‘Option D: rates at ehten coatribntars are prepared to tend gold om 2 sep ayjinst AS dotiars ales at which conteabators are prepared to lead gold on a emp ayeinst US dollars (eo stands tor Cold Forward Ottered Rate. Those aro rates at witch contributors are prepared to Lom gold on a emp against IS doLlare. lowstiun 7 + 10Ptc: Preciour tetas Option a vateo eane day Uption ms gota/attves arttloneat on deat date + 3, MS totians tm msinees days atter deat date (Option: te burtnese aaps ervey eat date Gplion D: deed date 2 lou setected the CORBECE option ~ €+ two business dave after deal date ime ottaciat matte date far arttieneat of spot gold ar sitver transactions wertes the Us Holiar ts tym mstnees days atter desi date were a lowed buraness say ir defined ar eae in which bathe are open in London for delivery of the gold and sn Mew York for rettlerent of the US Pe tipeme is‘ption Wb certatueate aemwea by the LE that shee proot of wexbershsp af the Aesorzation UGption C: A Certatieate held by ax snvestor, that show praot of omership of shares in a gold mining commen? Option Dz A Certaticate Held by ax awestor, thet show praot of oueeehip Of gold bellion DR certiticate tetd by an investor, that howe WOOT oF aimership of gold hulLion IN Gold Certaticate tr « certiticate Meld by ax invertor, that show proof of emerehip of gold bullion (Option 4: bettton ption B: troy otion C2 aera (Option D: eeting fae covvect option mar C2 seen Ime oFticlan teen for doternining the tinenoee of gold As assay. ‘Uption A: ar the proportion of preciowr tal 18 at alloy expressed a parte in 2,000 ‘Option ¢ tn troy omcne Option D: ab a ratio eesti os mci ae sine fac 1S RauKET COMENTION FOR IOMEHEST Ww GOLD MD SILVER LOMMS/DEPOSLS? Option 1: oecer of metal lent converted to US Dollars haved om the US Dollar price for the metal on the raturity date of the Loan aiox)‘Option D: owes oF notal Tent converted Lo WS Dollars based on the US Dollar price for the netal agreed at the Inception of the Loan ite coceect option wer D: eumcer oi neta Lent converted to US Dollass band on the US Beller price for the metal agoced at the inception of Ire mavice comveation a= thot tateveat payable on Loans of gold av silver i calculated 11 tems of ounces of metal WRich ate converted to US lotanes based an the Wt Dalaar peice for the etal npreed at the aaerptien af the tanh fptien 4 the Landon Hees Pechnge Cption R: the emits or the tak a England Gption €: the Landon Cleariag tse (Option Dz A bank's foreign curzency Howto account jah octocted ¢ whien vas TRCORRECT. [Tm coreoct option van D: A bank's foreign cwmroney Hostro account mt gitvor to an allocated or unallocated account with tho dealer oe teaneer elouwhere thrush tho Lonon Bullion Clearing. Gotion A: Bash of lova Scotaa-Seotaalocatte, Barclare Hank Ple, Credit Seine, HSHC Yank USK, MLE. Rothechill and Some (Option B: Eeropean Centeal Bask, Bank of Eaplant, Bangor de Prance, Dentecbonk, BIS Darel ‘Option Cé clttbank, Bonk oF Rov York, Welton Banh, State Stroot Bak and Trust, Bark of Broeica ‘Option D: Bank of Hove Scotia Seotiaiocatta, Barclays Rank PIC, Dovtothe Bark Re, HSBC Raak USR, WM and Soctete Genoeate fs corcot optim ror Br aah of Hove SeatteScetiocae, Bercloye Bank Yc, Deteche Beak M, 150 Beak ws, 1 enIme Gold Finny Le comtucted twice a day by tetopowe, at approximately 10:30 an aud 3:01 pr hero aro {ive Gold Fitiag rexbors at of ston fin Stctete Generale. The chaimmsnip of the Gold Pieiay rotates aNMiaLly Aron 1t6 TEMES te lhe (stun 2 = 10rte: Precioue totale ‘Option at fptsen 2 option b+ (wwesriun 25 = torte: precioee totale ‘Option A USD TRON Tose 0, 8625 (pesen (USD LIDOR teas o-425) mames (GOED ples 6.223%) (ption e: sp Lame tens core (Option Dz GAD par Un325% (sp Lime 208s 625%) rims (600 plus 0.1290) [me get rad-nariet tease rate t= eniculated as (ISD LED tee= 46232) mane (CUNY pres 0.12505 option 4: the rinaitaneaus purchase aad sale of Metal on a atagle vale date (Option contateraltaed taans of neta (Option C: encollateralszed loans of metal (Option D: the outrapht rade of Fetal Mee Rept ire correct option vow B: collateratiged loans of notaIte standard dealing amount betwen market nekere in the Spot silver market x London i= 100,000 owes ‘yption A: K reversal af a Grid lenge traneaction ane or nore days after extahlisteent fption B: A-marbet situation stere pricer for futere delavery are lows then the spot price (Option C: A market situation where prices for futere delivecy are Migher Uhen the spot Brice ‘Option D: tx aajustrent to tho Gold Fixiy price based ox historic price trem A navist attuation where prices for twtwe detivery are tower than the spot price Ii preciow netale trating “Bachardation’ ie a martet situation vhore prices for future doLivory are Lower than the spat prioe awed Dy lehortago oF Uightnene of sly (wwstiav 19 = 10r1¢: Precious Hotate (cram me FoLLOuoNe eae IaRUATION, SPO GUD: 242.25-75, 3 BMI (90 DAYS) EORED GOLD: 5.50 HceRapew ption ©: pena peslb te lhe option Ds 246.81 ‘Te owteight. forward gate price for precious metale 1¢ calculated as the spot offer plu the forvard suey OFfor, So wing the aove mont toned lrtcoe wien the mot Offor for gold quoted ae 262,75 plas 1.06 (242,90 X 90X 3.29 / (380 X 100) the Toran owLLIgNE OftOr price 36 236.81. (wesriun 20 : sorte: Precious totale ‘Option A COED multiplied by the oorromonting LTBI ‘Option B: COD ie subtracted team the correcyondng LTRIR ‘option €: aed areaaed ny the corresponding LI lpeien b: Cards aaded fo he corresponding AR (PO ae ewtcacted from the correnponding LIBOR - fae gold lease wate 45 calculated by subtracting GOO from the eaeresponding LR. fore ne int wawar ca roars comuen> ution Be by teeplone ten the Hxing veers tttion hs at a azangaeeston at te Ba 6 Egon Gti €¢ at a ventana te Ue ition Be tm ning season ot the Landon Heal Exchange [he correct option von h: by telepione betwen the Cbeimy restore [tee tive rember of the Gold Fixing conct « telephone fixing tuice each Lonion barinere day at 20.30(peien C2 maveet Jordon for the finenees etandned af gold Gption Ds the ansay a¥tice mark on gold Good Delseery hart ‘option a: 1M Option Be Psa Option €: 10, option Bak of Ragland I As the London BuLLion Market Assuctation whch requlated precious wotals trading 11 Lonlon. fr cm os ovo at sch an 09 =a Option 1: USD 292,051.00 Option Bs USD 29,70Option BF USD 9,700 Option ¢: vSD 297,000 Option Ds USD 29,705 aiox)Option BF USD 9,700 Option ¢: vSD 297,000 Option Ds USD 29,705 aiox)lb te lhe ‘ine omons tor gold ant for ab 1east (wwesriun 29 sorte: precioee totale Option # The Bank of Beslan ‘Option 8: a (ption e tace London (option b: the Gola Faatay pavtsespant hanks fae Ln (london BuLLION MarEet Aaaoesatson) sets the standaede tor specifications af gold an silver Good Delsey More (wesrian 30 : TORIC: Preciowe Hotels [Er te FoLAOANG AORET IMRCEGTION, SPOT Gard: 242.25-75, 5 MINTS (90 DAYS) FOR GOLD: 5.50 option a: 286.81 fpeson ms 302-29 Option C2 246.33, Option Ds 28656 ite owtesght formerd gurchare price for precious metale if calculated ar the spot bid plus the forward evap Did. So x HieRepee biomed ricer with the mot bid for gold quoted ar 202.25 plur 3-40 (262.5090 X°5.50 / (300 X 100) the forward outrinhtaiox) lption a: Aimearure of fhe propertion at gold am an gold alloy (option i A mearure of eenght or precimus retal ingots Gplion €2 none of thoes, at ae only a searuce of weight of preciows rane (0.9. tisnons} (Option D: Amearuce of wolane (length X hesght X depth) Of preciowr metal ingots A neagure of the proportion of gold An an yotd alloy lin preciow metals trating 1 Carat i « earere of the proportion of qold in ¢ yold alloy. Ox the baris that 2 carat ie pure gold, often ‘Option hy 1 tine trey eee Option: 1 ouce of pure quld of at Least 959 parte An overy 1000 tinenece ‘Option Di 1 gran oF pure gold trrompective of tineness [ree wait Of trading for gold In the International markets 49 1 finw troy owe. face 1s nee Ga /Su.ve eanio? The amber of ounces of silver that canbe Dourht sith one ouce of cold The tumber Of ounces of gold silver Uat can be Bowdht with on ounce Of silver Ihe correct option war hc The narter of ues of silver that can be Bought with ome ounce of gold sme tonaysuiver ratio 18 the mer of omees of stt¥er EAnt can he howAt FIER one OUNCE OF Gold =‘ram tho correqponting YaINEE oF LIBIR to show the derived gold lease rate (westiun 36 = 0r1c: Precious totate face 1S ee ACCEPIED CONVERSION HETMEEN HOY MD MERIC WELGNS FUR GuLD? 1 KILO FOURS... ‘Option B: 10,000 troy omen fption ©: a2cinenien tray ounces (ption D: 24.3 troy omeee(wwestiun 32 = sorte: Preciowe totale ‘Option ine troy ounoee option ‘ine troy owen (ption ¢: iayenn fine troy ounces [re standava aeating anownt between naviet makers 4m the Spot gold nivtet in London 46 (oesrac 3 ‘Option option (ption e actual 260 (Option Dz Se0/S6b [he Goreoct option vow he actnal 360 ithe interest barie for gold and silver ix the actual Ho. of dapy over 9 360 dar year = actual/360: emt a =(ered on the rad potat of the epot gold price 262.50, a market maior sells spot anf bupe forward at « peenien of USD 3.80 calcalated ar (02.5090 £5.30 7 (360 x 208) Option 4: the cerrent convertiinisty of the US Dollar sata Gold (Option B: A legally timed quantaty of gold to which a runstary wat is peoved (Option C: the price of Gold exprerved in GP Option Di the peice of Gold expredsed 11 FIR fae covvect option mar B: A legally Fixed quantity of gold te easeh penetary wnat 24 pewged (ta Parity te a legalty tivot quantity of gold to which a rowtary wut 4 pemed. Inrmesr, WOU uF ME FOLLOWING 15 0H CMB OUST EORALLA FOR 3 OME YEAR GUL /SILER LOM? Option a: BY) «Relay x GHH/36) XP Option B: BX IIMH) X G68/360) fpesen C2 8 jean) ¥ Qee/aes} peso bs 2 7 felen) Q68/308) lou selected the CURECE option ~ Bs BX GYA0O) X (365/340) Iineve Hi euaces of bullion, = fhe loam Yate, d= the minber of anps and F az the price of gold oF atlver agreed for ealrulats Interest, tae correct 4nteroat formula far 9 one Year goid/=itver loan Sa q@ X G/M} X O6N/360) X F) option a: an amgustreat tb the Gold Fixing price based on derived yoLataLity of peices Uption h: te extension of a told lage transaction ane ot nove dngs before mOPWaty HceRapew UGption C: Aimertet situntsne where the prices for futere (lorwmrd) delivery of preciour metals are Lower than the (Option D: Amarket situation wtere the pricer for future Horwerd) delivery of preciow fetes are higher than the spot Briceaiox) A narlet situation whore the prices for fature (Lorvard) delivesy of preciour metals are higher then the [contanp' 22 a ravast mituation ware the peices tor teture (formed) delivery of precious metals ate aighey Ean the apt Brice (esti 43 : Torre: Prociow wotate Farr Nam Gop FDIS Me: HERE TACK DRC AT WORE TES «aT > pein pein Uptsen Option Doe, 20-30 are and 3.00 hese are tam Gold Eicinge each day at 10.30 aon, and 3.00 pom. London me ‘option 47 ne York (ption @: Genera Option C2 mone of there Option D: London Deity Gold taxing tebe place sm London, Paris and Fertch at 10.30 am an 3. (ption 4: t Landon toot Delivery Gand Bar (ption BA gold bor with a grove weaght of 403-775 ommcoe Mee Rept (Option C: all of there ‘Option Di A gold Sor WIEN nintzom Conese of 995 parts por 1000Ite benie wast for delivery of geld i A Lomlon Good Delivery Gold War which mart have a grosk weight of $03.725 oencer and Mame ‘ptson a: USD per tine tvey ownce (Option BP per fine troy owmce Option €: USD per Rilo ‘Option D: car yer RiTo (ption A: for phprical delsvecy an anrttetion mart be a tember of LBL ‘Option D: for phyoteal detivery an Dgtitetion mist Tocatod tn Lomon lou setectea the CoMUEcE option — €: for PRYRICAL GALAWEEY om Saatitetion mest hold 8 LIEU aecomnt ‘Mme peincipat aitrorenco betwen proctous tale trading for physical delivery and hook entry te Chat for physical doLivery an tngtitution face 1S We CORMNTTONR, RED UF QUOTING GOLD OF Me Reso. wasKE? Ee ‘Option a: in GBP por ounce mn ‘Option B: tn USD por ingot ‘ption Cin US éotlars poe ounce‘Option Ds tn USD por Rite [rm convontional vetod oF qunting gold in the taLornationt market te in WS doltare yor owt ‘ption 1 loco London Option B: on a colTateratised haste ‘Option cé on tie sm ‘Option D: on the Tea8e [te correct option war D: om the leave finen gob and sitver 4s placed on deposit, ihervowe ar tent an om wacotiaterattzed haste at i temed Lending or borrowing "on the Lene (esti 50 = 10RIc: Precious totale Option A Three LRA rene tasks 1 9 telepione £14 the OffKCIaL naret price ovce a day Option B: Five LMG worker hanks in a telephone tix the DETICIAL market pico oN” aay Uption €: Three Lind nerace bow n'a telephone fi the official market price tice & ds? (option b: Fue La nenter hana ina telephone tie the Sericial navnet price face 8 day lou selected the CURECE option ~ D: Five LIL menber banks in a telephone Sx the official market price twice « day eepone fhe tae gericial navist price twice a aay af 20-38 an, and 3.00 pm. (wesrimn 51 = TORIC: Preciowe Hotels fare 1 Dirty Low On) FICHE CHLORATED? HceRapew ‘Option A the official Intoryovermental gold prtce UGption Rs the highest bid peace for told aering the previous trating searion option Ci the mupest offered price of Cold dering the previous trading 2easi0nTption C the Righest offored price of Gold dering tho provious trating seoton (ption D: the mvctoge price at which ald major Red orders ave FitLed lb te lhe ime deaty Lonion yola theing 18 calculated as the average price at WCh All mor Md orders are Ted, and 15 set twice each DusINeSs day once at 10-30 a.n. aad agein at 1-00 pon-j By gold trading apectaliat= at the gold tating inetitetions operating 20 London, Forte an lption 4: prectour retala storage charges ‘option t: naney interest rates Option ¢: ald of there (Option D: peectour retal anterest rater ite gold formerd peeniun ie the difference between wot and forward qwtetions are determined by none and precious metal interest rates and Sption Ar Ube tive reese of Uke Landon Go Bixiag ption B none of there Option D: the grow of cinmtriee ondeavouring to maintain to official price of gold at ISD 38 por owe fre covvect option mar b: the qrawp OF countries endeatouring to maintain the official price of gold at USD 25 per ousce CSREES eee ct ae oa i iy memes mo gee [im teat ternany teen 1961 to la4e seach enaeaemwred to fadntatn the gold price at Wv430 dolines per trey eanen[De RESPECT up GOLD rRADIMG, 70 WGK 1S UME TROY OUNCE EOL? ‘Option A: 324502465 arene Option B: 16 owes avoLrawpots ‘Option Cé 1.097128 ounces avodragots Option D: 100 grams [he correct oplion war €: 1.097I42H ounces avirtwoie iin respect of gold trading, ove troy ouwce 15 equal to 1. 0971428 ounces avoixemors, (wwestiun 55 = 10rtc: Precious totale ‘Option option 8 ptsen (ption Be 3 [he unl minimum size of transaction 3n the Spot gold mavtat sm London 3 #1 lou anewered 55 et of the 55 queetions requested. lu ere corvect in 59 queetione out of Uhe 55 amrmered - a percentage of 70.9%, fur Topic score: 59 owt at 99 (10.96) Haus Topie Ansesmest: Yory good Snared, Well on top of thts topte HceRapew6 Ihe correct oplion war €: 10971420 omees avintwoie fin seapect of sod trading, one troy ounce is equat to 1.0971428 ounces amoinammats sre coreoct option vas C+ 2,080 Tim troy ounces {he ru minimen size of traneaction in the Spot gold marhot im Lomlon ix 2,000 fine troy ounces with dealere willing to offer corpetitive lericoo for nach larger voluey for cliente. lou anerered 55 ost of the 55 quretions requested. fan wero correct. in 59 questions aut of the 5 anvored - a poroontayo of 70.9%, leur topic scores 29 ont ot 99 (70.90) lar Topic Aneerment Yory good indeed, well on top of thie topic =