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A forward rate agreement ( FRA ) is Question 1 5 options: a ) None of the options b ) an exchange agreement to exchange
A forward rate agreement FRA is
Question options:
a
None of the options
b
an exchange agreement to exchange a predetermined fixed rate for a variable rate such as LIBOR, that will be observed in the market at a future time
c
an OTC agreement to exchange a predetermined fixed rate for a variable rate such as LIBOR, that will be observed in the market at a future time.
d
an agreement to exchange a predetermined fixed rate for a fixed rate such as LIBOR, that will be observed in the market at a future time
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