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Basic Question 9 of 9
In FRAs, ______ is almost always used.
B. advanced set, settled in arrears
C. set in arrears, advanced settled
A. advanced set, advanced settled
B. advanced set, settled in arrears
C. set in arrears, advanced settled
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
describe how interest rate forwards and futures are priced, and calculate and interpret their no-arbitrage value;
CFA® 2025 Level II Curriculum, Volume 5, Module 31.