ACI Operations Certificate challenging 3I0-013 Question # 129 Topic 2 Discussion

ACI Operations Certificate challenging 3I0-013 Question # 129 Topic 2 Discussion

3I0-013 Exam Topic 2 Question 129 Discussion:
Question #: 129
Topic #: 2

A forward rate agreement (FRA) is:


A.

A future rate agreement involving two different currencies


B.

An interest rate agreement where buyer and seller will exchange an interest rate differential at a given date in the future


C.

An interest rate to be applied to a loan or deposit that begins and matures in the future


D.

An agreement to exchange cash flows starting on a specific date in the future


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