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Basic Question 1 of 20
A ______, which is between a bank and a customer (or another bank), specifies delivery at a fixed future date, of a fixed amount of one currency against another currency.
B. foreign exchange forward contract.
C. foreign exchange futures contract.
A. foreign exchange contract.
B. foreign exchange forward contract.
C. foreign exchange futures contract.
User Contributed Comments 1
User | Comment |
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alexieri | marks...someone's living in the past... |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
explain spot and forward rates and calculate the forward premium/discount for a given currency;
calculate the mark-to-market value of a forward contract;
CFA® 2024 Level II Curriculum, Volume 1, Module 8.