Consider the following statements concerning forward rate agreements (FRAs):

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answerhappygod
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Consider the following statements concerning forward rate agreements (FRAs):

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1. They can be tailored to the specific requirements of a customer.
2. They can be resold in the secondary market.
Which of the following combinations (true/false) is correct?
A. Statement 1 = True, Statement 2 = True
B. Statement 1 = True, Statement 2 = False
C. Statement 1 = False, Statement 2 = True
D. Statement 1 = False, Statement 2 = False
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