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    Question

    Which of the following statements is correct? A.

    In case of Forward Rate Agreement there is an exchange of interest rate B. FRA is an over the counter (OTC) instruments to cover interest rate risks
    A a) Only A Correct Answer Incorrect Answer
    B b) Only B Correct Answer Incorrect Answer
    C c) Both A and B are correct Correct Answer Incorrect Answer
    D d) Both A and B are incorrect Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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