The given statements are related to financial derivatives. Choose the correct code regarding whether the statements are 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, an intra-currency spread exists when a speculator buys/sells the same currency for two different delivery dates.

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Economics · Financial Derivatives

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Statement II is correct, but I is incorrect.

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Answer 1

Statement I is correct, but II is incorrect.

Answer 2

Statement II is correct, but I is incorrect.

Answer 3

Both statements I and II are correct.

Answer 4

Both statements I and II are incorrect.

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