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What is the full form of FRA

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Finance Abbreviations
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What is the full form of "FRA"?

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Correct Answer: Option B
A forward rate agreement (FRA) is a cash-settled OTC contract between two counterparties, where the buyer is borrowing (and the seller is lending) a notional sum at a fixed interest rate (the FRA rate) and for a specified period of time starting at an agreed date in the future.
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