Examlex
Which of the following is true about communication technologies such as text messaging and email?
Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a predetermined price within a specific time period.
Interest Rate Swap
A financial contract between two parties to exchange interest rate payments on a specified principal amount, often used to manage risk or alter interest rate exposure.
Floating Rate
An interest rate that fluctuates over time with the market or an index.
Fixed Rate
An interest rate that remains unchanged throughout the entire term of the loan, mortgage, or bond.
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