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Which of the following statements is true regarding Forward Rate Agreements (FRAs)? Group of answer choices Forward rate agreements are exchange rate contracts A 3

Which of the following statements is true regarding Forward Rate Agreements (FRAs)?

Group of answer choices

Forward rate agreements are exchange rate contracts

A 3 x 9 FRA means, the notes are issued now.

A 3 x 9 FRA means, the notes are issued from 6 months from now.

A 3 x 9 FRA means, the notes are issued for a period of 6 months in 3 months time.

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