When Banks Transact FX Swaps, the Spot Price Should Be

question 606

Multiple Choice

When banks transact FX swaps, the spot price should be determined:

• A) anytime after the swap is transacted
• B) before the swap is transacted
• C) immediately after the swap is transacted
• D) no less than 24 hours after the completion of the swap

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Definitions:

Instrument Analysis

The use of instruments to measure and analyze the physical and chemical properties of substances.

TNT

Trinitrotoluene, an explosive compound used in munitions and as a reference for measuring explosives' strength.

Walk-through Detector

A type of security device designed to detect metal objects, such as weapons or contraband, on individuals as they pass through the detection framework.

Airport Explosive

A term referring to explosive materials or devices detected or mitigated in airport security measures.