- CFA Exams
- CFA Level I Exam
- Topic 7. Derivatives
- Learning Module 31. Pricing and Valuation of Forward Commitments
- Subject 4. Interest Rate Forward and Futures Contracts
CFA Practice Question
In FRAs, ______ is almost always used.
B. advanced set, settled in arrears
C. set in arrears, advanced settled
A. advanced set, advanced settled
B. advanced set, settled in arrears
C. set in arrears, advanced settled
Correct Answer: A
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