A Floating for Floating Currency Swap Is Equivalent to

question 17

Multiple Choice

A floating for floating currency swap is equivalent to

• A) Two interest rate swaps, one in each currency
• B) A fixed-for-fixed currency swap and one interest rate swap
• C) A fixed-for-fixed currency swap and two interest rate swaps, one in each currency
• D) None of the above

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Definitions:

Descended

Having a lower position or moving downward; in biology, it can refer to the process of an organ or species originating from a common ancestor.

Existing Organisms

Living entities that currently inhabit the planet, encompassing a wide diversity of life forms from single-celled bacteria to multicellular organisms.

Environmental Changes

Alterations in the surrounding conditions of an environment which can be natural or induced by human activities.

Basic Units

Fundamental components or building blocks of a structure, system, or substance.