Q874
The given statements are related to financial derivatives. Choose the correct answer for the statements being correct or incorrect. Statement I A speculator will gain, if he sells foreign currency under a forward contract, when the spot price is higher than the forward price. Statement II In currency futures, intra currency spread exists when a speculator buys/sells the same currency for two delivery dates.
A.
Statement I is correct, but Statement II is incorrect
B.
Statement II is correct, but Statement I is incorrect
AnswerC.
Both statement are correct
D.
Both statements are incorrect
Answer: Option B
Solution
Answer: Option B
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