ACI
3I0-012 · Question #165
What is an FX swap from spot?
The correct answer is B. A spot sale (purchase) and a forward purchase (sale) of two currencies agreed simultaneously between. See the full explanation below for the reasoning.
Question
What is an FX swap from spot?
Options
- AAn exchange of two streams of interest payments in different currencies and an exchange of the
- BA spot sale (purchase) and a forward purchase (sale) of two currencies agreed simultaneously between
- CAn exchange of currencies on a date beyond spot and at a price fixed today
- DAn agreement to buy (sell) an amount of base currency value spot and simultaneously resell (buy back)
How the community answered
(62 responses)- A11% (7)
- B79% (49)
- C6% (4)
- D3% (2)
Community Discussion
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