ACI
3I0-012 · Question #165
3I0-012 Question #165: Real Exam Question with Answer & Explanation
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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)
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