ACI
3I0-012 · Question #61
When banks transact FX swaps, the spot price should be determined:
The correct answer is C. immediately after the swap is transacted. See the full explanation below for the reasoning.
Question
When banks transact FX swaps, the spot price should be determined:
Options
- Aanytime after the swap is transacted
- Bbefore the swap is transacted
- Cimmediately after the swap is transacted
- Dno less than 24 hours after the completion of the swap
How the community answered
(20 responses)- A10% (2)
- B5% (1)
- C85% (17)
Community Discussion
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