Choose the correct code for the following statements being correct or incorrect.Statement I : FX Spot is an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date.Statement II : The date of maturity of a forward contract is more than two business days in future.

Question

TuteeHUB · Accepted Answer

Both the statement I and II are incorrect.

TuteeHUB · Answer

Both the statement I and II are correct.

TuteeHUB · Answer

Statement I is correct, but II is incorrect.

TuteeHUB · Answer

Statement II is correct, but I is incorrect.

1.	Choose the correct code for the following statements being correct or incorrect.Statement I : FX Spot is an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date.Statement II : The date of maturity of a forward contract is more than two business days in future.
A.	Both the statement I and II are correct.
B.	Both the statement I and II are incorrect.
C.	Statement I is correct, but II is incorrect.
D.	Statement II is correct, but I is incorrect.
Answer» B. Both the statement I and II are incorrect.

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