A forward interest rate contract is called a(n)
A)interest rate options agreement.
B)forward rate agreement.
C)futures rate agreement.
D)None of these answers are correct.

Question

Quizplus · Accepted Answer

A forward interest rate contract is commonly referred to as a forward rate agreement (FRA). Options and futures are different types of financial contracts that are not specific to interest rates.

A Forward Interest Rate Contract Is Called A(n)