ACI
3I0-012 · Question #548
If I say that I have "bought and sold" EUR/USD in an FX swap, what have I done?
The correct answer is D. All of the above. See the full explanation below for the reasoning.
Question
If I say that I have "bought and sold" EUR/USD in an FX swap, what have I done?
Options
- ABought EUR and sold USD spot, and sold FUR and bought USD forward
- BBought EUR/USD spot and sold EUR/USD forward
- CTaken a EUR loan in exchange for making a USD loan with the same counterparly
- DAll of the above
How the community answered
(44 responses)- A5% (2)
- B14% (6)
- C9% (4)
- D73% (32)
Community Discussion
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