ACI
3I0-012 · Question #547
What is an FX swap?
The correct answer is B. A spot sale (purchase) and a forward purchase (sale) of two currencies agreed simultaneously between. See the full explanation below for the reasoning.
Question
What is an FX swap?
Options
- AAn exchange ot two streams of interest payments in different currencies and an exchange of the principal
- 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
- DNone of the above
How the community answered
(39 responses)- A13% (5)
- B79% (31)
- C5% (2)
- D3% (1)
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