alleryStart learning →A US$ 3x9 FRA covers a period starting when and lasting how long?
AIn 9 months, for 3 months
BNow, for 9 months
CIn 3 months, for 6 months
DIn 3 months, for 9 months
Answer & Solution
Correct answer: C. In 3 months, for 6 months
A 3x9 quote means the period begins in 3 months and ends in 9 months, so it spans 6 months.
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