The spot sale of a currency combined with a forward repurchase of the same currency is a

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This transaction involves the exchange of currency at the spot rate followed by a commitment to repurchase the same currency at a forward rate. This is known as a currency swap, which is a common financial instrument used to manage foreign exchange risk. The swap can be used to take advantage of interest rate differentials or to hedge against potential fluctuations in currency prices.

The Spot Sale of a Currency Combined with a Forward