ACI
3I0-012 · Question #234
What is the Gold Offered Forward Rate (GOFO)?
The correct answer is B. the rate at which dealers will lend gold against US dollars. See the full explanation below for the reasoning.
Question
What is the Gold Offered Forward Rate (GOFO)?
Options
- Athe price differential between spot and forward gold prices
- Bthe rate at which dealers will lend gold against US dollars
- Cthe implied forward price of gold
- Dthe price of gold for forward delivery
How the community answered
(14 responses)- B79% (11)
- C7% (1)
- D14% (2)
Community Discussion
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