ACI
3I0-012 · Question #671
The extension of forward FX contracts at their historic rates is only allowed when:
The correct answer is A. Prior management approval has been sought. See the full explanation below for the reasoning.
Question
The extension of forward FX contracts at their historic rates is only allowed when:
Options
- APrior management approval has been sought.
- BThey are executed within six months.
- CThey are extended for not more than one year.
- DAll of the above.
How the community answered
(37 responses)- A81% (30)
- B5% (2)
- C11% (4)
- D3% (1)
Community Discussion
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