An Interest-Rate Swap Converts a Floating-Rate Borrower into a Fixed-Rate

question 15

True/False

An interest-rate swap converts a floating-rate borrower into a fixed-rate borrower.

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Definitions:

Multinational Strategy

A plan, used by international companies that involves customizing products, promotion, and distribution according to cultural, technological, regional, and national differences.

Absolute Advantage

A concept in international trade theory that occurs when a country can produce a good more efficiently and at a lower cost than another country.