Statement 1: FX Spot is an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date.
Statement 2: The date of maturity of a forward contract is more than two business days in future
Statement 2 is correct, but 1 is incorrect
Both the statements 1 and 2 are correct
Statement 1 is correct, but 2 is incorrect
Both the statements 1 and 2 are incorrect