ACI
3I0-012 · Question #565
For which of the following reasons is the extension of forward contracts at non-current rates is discouraged:
The correct answer is B. (i), (ii) & (iii). See the full explanation below for the reasoning.
Question
For which of the following reasons is the extension of forward contracts at non-current rates is discouraged:
Options
- A(i), (ii), (iii), & (iv).
- B(i), (ii) & (iii).
- C(i) & (iii).
- Dnone of the above.
- IThese could be used to conceal profit or losses.
How the community answered
(33 responses)- A3% (1)
- B85% (28)
- C6% (2)
- I6% (2)
Community Discussion
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