ACI
3I0-012 · Question #439
3I0-012 Question #439: Real Exam Question with Answer & Explanation
The correct answer is C. An exchange of currencies on a date beyond spot and at a price fixed today. See the full explanation below for the reasoning.
Question
What is an outright forward FX transaction?
Options
- AA spot sale (purchase) and a forward purchase (sale)
- BA spot sale (purchase) and a forward sale (purchase)
- CAn exchange of currencies on a date beyond spot and at a price fixed today
- DAn exchange of currencies on a date beyond spot
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