Q851
Which of the following statements are correct? Statement I In a forward market, the delivery and payment takes in future at a predetermined price. The prices are determined today, but the currencies are exchanged in future. Forward market comprises of trade of various instruments however, it is central to the exchange of foreign currency. Statement II A forward market is an Over-the-Counter market which sets the rate for future delivery of currency, assets or financial securities.
A.
Both statements are correct
AnswerB.
Both statements are incorrect
C.
Statement I is correct and Statement II is incorrect
D.
Statement II is correct and Statement I is incorrect
Answer: Option A
Solution
Answer: Option A
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