nerdexam
ACI

3I0-012 · Question #616

A disgruntled customer claims that he should not have to settle an FRA with you because it is really just a wager. What type of risk are you exposed to?

The correct answer is B. Legal risk. See the full explanation below for the reasoning.

Question

A disgruntled customer claims that he should not have to settle an FRA with you because it is really just a wager. What type of risk are you exposed to?

Options

  • ACredit risk
  • BLegal risk
  • CSettlement risk
  • DBasis risk

How the community answered

(37 responses)
  • A
    11% (4)
  • B
    81% (30)
  • C
    3% (1)
  • D
    5% (2)

Community Discussion

No community discussion yet for this question.

Full 3I0-012 Practice