An API Provides a Standard Way for Different Things,such as Software,content,or

question 86

True/False

An API provides a standard way for different things,such as software,content,or websites,to talk to each other in a way that they both understand,but it requires extensive programming.

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Definitions:

Options Contracts

Financial derivatives that give buyers the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a certain date.

Currency Swap

A financial agreement to exchange currency between two parties at a set rate, often used to hedge currency risk.

Interest Rate Swaps

A financial derivative contract between two parties to exchange interest rate payments on a specified principal amount, typically involving the swap of fixed for variable interest rates.

Variable Rate

A type of interest rate that changes over time, usually in connection with a specific index or benchmark rate.