A Fixed-For-Floating Interest Rate Swap Is the Exchange of Payments

question 58

True/False

A fixed-for-floating interest rate swap is the exchange of payments based on a fixed interest rate for payments based on a floating interest rate.

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Definitions:

Circumstantial Evidence

Indirect evidence that implies a fact but does not directly prove it.

Direct Evidence

Evidence that directly proves a fact without needing inference or presumption.

Court

A tribunal, often a governmental institution, with the authority to adjudicate legal disputes between parties and carry out the administration of justice.

Relevant Evidence

Information presented in court that directly relates to the facts in dispute and can help prove or disprove a point.