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ICMA Exam FMFC Topic 2 Question 1 Discussion

Actual exam question for ICMA's Financial Markets Foundation Course exam
Question #: 1
Topic #: 2
[All Financial Markets Foundation Course Questions]

You have asked a bank to give you a rate at which you can sell SEK (Sweish Krone) and buy NOK (Norwegian Krone) for delivery in two days. What is the name of this sort of FX rate?

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Suggested Answer: B

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