A Swap Is

question 37

Multiple Choice

A swap is

• A) another name for a put option.
• B) another name for a call option.
• C) an agreement between two or more counterparties to exchange sets of cash flows over some future period.
• D) the name for the replacement of a futures contract by an options contract.

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Definitions:

Exercise

Physical activity that is planned, structured, and repetitive for the purpose of conditioning the body, improving health, and maintaining fitness.

Retirement Facilities

Specialized housing designed to meet the needs of the elderly, often providing medical care, social activities, and support services.

Quad-Base Cane

A walking aid featuring a four-footed base providing increased stability for users.