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If you have created a ‘synthetic asset’ by buying and selling a USD/CHF swap, what...

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If you have created a ‘synthetic asset’ by buying and selling a USD/CHF swap, what have you done?

A.

Created an exposure to the CHF

B.

Created an exposure to the USD

C.

Switched a CI-IF asset temporarily into USD without taking currency risk

D.

Switched a USD asset temporarily into CHF without taking currency risk

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