- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 8. Exchange Rate Calculations
- Subject 2. Forward Rate Calculations
CFA Practice Question
Which of the following is an agreement to trade currencies based on the exchange rate today for settlement within two business days?
B. Spot trade
C. Forward trade
A. Triangle arbitrage transaction
B. Spot trade
C. Forward trade
Correct Answer: B
Spot trades are settled in 48 hours.
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