A "Fixed for Floating" Interest Rate Swap Is Also Referred

question 7

Multiple Choice

A "fixed for floating" interest rate swap is also referred to as:

• A)plain vanilla
• B)fixed swap
• C)currency swap
• D)plain swap

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Definitions:

Remittance

The act of sending money in payment or as a gift, often by a worker to their family in their home country.

Discount Period

The time frame within which a discount is offered for prompt payment on goods and services, often used in sales and invoicing.

Cash Discount

A reduction in the price of goods or services offered to a buyer by a seller for prompt payment.

Invoice Date

The specific date on which an invoice is issued, marking the point from which payment terms are calculated.