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Basic Question 4 of 6

True or False? FRAs do not entail the actual lending of money.

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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

explain how forward rates are determined for interest rate forward contracts and describe the uses of these forward rates

CFA® 2025 Level I Curriculum, Volume 5, Module 5.