If I Say That I Have "Bought and Sold" EUR/USD

question 543

Multiple Choice

If I say that I have "bought and sold" EUR/USD in an FX swap, what have I done?

• A) Bought EUR and sold USD spot, and sold FUR and bought USD forward
• B) Bought EUR/USD spot and sold EUR/USD forward
• C) Taken a EUR loan in exchange for making a USD loan with the same counterparly
• D) All of the above

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Definitions:

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Measures or controls put in place to protect assets, including physical security and internal controls.

Signature Card

A document signed by an account holder at a financial institution that provides a specimen signature for the purpose of verifying future transactions.

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A nine-digit identification number assigned to banks in the United States by the American Bankers Association, used for routing checks and electronic payments.

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One of the twelve regions established by the Federal Reserve Act, each with a Federal Reserve Bank, to regulate and oversee banking operations in the United States.