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Which of the following statements about foreign exchange transactions is incorrect? Group of answer choices 1)Spot-against-forward is a type of swap transactions 2)n forward contracts,
Which of the following statements about foreign exchange transactions is incorrect?
Group of answer choices
1)Spot-against-forward is a type of swap transactions
2)n forward contracts, the exchange rate is established on the date of currency delivery
3)Nondeliverable forwards are used primarily for emerging market currencies or currencies subject to significant exchange controls
4)In the U.S., the delivery of Australian dollar in an interbank spot transaction requires two business days
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