- CFA Exams
- CFA Exam: Level I 2021
- Study Session 16. Derivatives
- Reading 49. Basics of Derivative Pricing and Valuation
- Subject 4. Forward Rate Agreements
CFA Practice Question
True or False? FRAs do not entail the actual lending of money.
Correct Answer: True
The actual borrowing is conducted by the borrower independently of the FRA.
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