In Which of the Following Transactions Is One Currency Swapped

question 37

Multiple Choice

In which of the following transactions is one currency swapped for another on one date and then swapped back on a future date?

• A)reverse transaction
• B)spot transaction
• C)FX swap
• D)outright forward transaction

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Definitions:

Compliance

The act of adhering to laws, regulations, standards, or guidelines set by authorities or organizations.

Justification

The reason or explanation for an action, decision, or belief, demonstrating its appropriateness or validity.

Important Request

A significant or critical appeal or requirement that necessitates prompt attention or action.

Inconvenience

A minor trouble or difficulty that causes discomfort or annoyance but is not a serious problem.