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CIMAPRA17-BA1-1 Exam - Topic 1 Question 22 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 22
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

A binding financial contract that can be used to hedge exchange rate risks by fixing the rate of exchange at a fixed date, and can be traded in financial markets, is known as:

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Suggested Answer: D

by Lonna at May 04, 2022, 12:54 AM

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Luisa
7 months ago
100% agree, forward contracts are the way to go!
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Kathrine
7 months ago
Wait, are you sure about that?
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Kami
7 months ago
No way, it's not an option!
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Nilsa
8 months ago
I thought it was a future?
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Latrice
8 months ago
It's definitely a forward exchange contract!
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Glenna
8 months ago
Okay, I remember the Mann-Whitney test is a good alternative to the t-test when the assumptions for the t-test aren't met. So I'll go with A and D as the correct answers.
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Evangelina
8 months ago
Okay, let's see. I know the Scenarios dimension is used for things like security, data entry periods, and planning approaches. I think the key characteristics are probably related to those areas, so I'll focus on those options.
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