问题
单项选择题
Which of the following statements regarding a LIBOR-based FRA is TRUE()
A. If LIBOR increases unexpectedly over the contract term, the long will be required to make a cash payment at settlement.
B. FRAs can be based on interest rates for 30, 60, or 90-day periods.
C. The contract rate will change with LIBOR over the term of the agreement.
答案
参考答案：B
解析：
A LIBOR-based contract can be based on LIBOR for various terms. They are settled in cash and the contract rate is fixed for the life of the contract. The long will receive a payment when LIBOR is higher than the contract rate at settlement.