ACI

3I0-012 · Question #439

What is an outright forward FX transaction?

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

How the community answered

(29 responses)

A
3% (1)
B
3% (1)
C
83% (24)
D
10% (3)

Community Discussion

No community discussion yet for this question.

Sign up to join the discussion

Full 3I0-012 Practice