ACI
3I0-012 · Question #397
What is the name of a swap in which the counterparties sell currencies to each other with a concomitant agreement to reverse the exchange of currencies at a fixed date in the future at the same…
The correct answer is C. a currency swap. See the full explanation below for the reasoning.
Question
What is the name of a swap in which the counterparties sell currencies to each other with a concomitant agreement to reverse the exchange of currencies at a fixed date in the future at the same price, and where the interest rates for the two currencies are reflected in the two exchanges but paid separately?
Options
- AaFXswap
- Ban in/out swap
- Ca currency swap
- Da quanto swap
How the community answered
(44 responses)- A11% (5)
- B2% (1)
- C80% (35)
- D7% (3)
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