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Commerce Short Question | Gkseries

Q.

Identify the incorrect statement from the following :

[A] Broken-date contract is a full - month forward contract.
[B] Currency arbitrage refers to making profit by buying a currency cheap in one market and selling it dear in the other market at a particular point of time.
[C] Currency Futures Market refers to organised foreign exchange market where a fixed amount of a currency is exchanged on a fixed maturity date in the pit.
[D] Currency Options Market refers to market for the exchange of currency where the option buyer enjoys the privilege of not exercising the option if the rate is not favourable.
Answer & Explanation

Answer: Broken-date contract is a full - month forward contract.

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