The Primary Purpose of Interest Rate Swaps Is to Reduce

question 38

True/False

The primary purpose of interest rate swaps is to reduce exchange rate risk.

---

Definitions:

Statement of Income

A financial document that reports a company's financial performance over a specific period, detailing revenues, expenses, and profits.

Depreciable Amount

The total cost of a tangible fixed asset minus its expected residual value at the end of its useful life.