What is a spot-forward swap?
A) the purchase of foreign currency spot against the sale of the same amount of foreign currency forward
B) the sale of foreign currency spot against the purchase of the same amount of the foreign currency forward
C) both the purchase or sale of a foreign currency spot against the sale or purchase of the foreign currency forward
D) the purchase of a foreign currency forward contract at the outright rate
Answer: C
You might also like to view...
Which of the following entities does the ECPA permit to access stored electronic communication?
A) law enforcement entities performing an investigation B) the owner of the website where the user has an e-mail account C) the Internet service provider D) the bank where an account holder keeps his finances
Unlike the case of ESOPs, organized labor has heartily embraced the concept of quality-of-work-life programs, while management has resisted them strongly
Indicate whether the statement is true or false