- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics
- Reading 10. Currency Exchange Rates: Understanding Equilibrium Value
- Subject 2. Foreign Exchange Forward Markets
CFA Practice Question
In a FX swap transaction, if the base currency is bought spot, it is also
A. bought forward.
B. sold forward.
C. sold spot.
Explanation: FX swaps involve simultaneous and offsetting transaction in spot and forward markets.
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