- CFA Exams
- CFA Level I Exam
- Topic 7. Derivatives
- Learning Module 33. Pricing and Valuation of Forward Commitments
- Subject 4. Interest Rate Forward and Futures Contracts

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**CFA Practice Question**

FRA (0, 30, 60) denotes the fixed forward rate set at Time 0 for a ______ FRA.

A. 1 x 1

B. 1 x 2

C. 1 x 3

**Explanation:**It denotes the fixed forward rate set at Time 0 that expires in 30 days in which the underlying has 60 days to maturity.

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