The Combination of a Pay Euro Fixed and Receive Dollar

question 46

Multiple Choice

The combination of a pay euro fixed and receive dollar fixed swap with a pay dollar floating and receive euro fixed results in

• A) a currency swap
• B) a currency swap, receive euro fixed and pay euro floating
• C) an interest rate swap, pay dollar fixed and receive dollar floating
• D) an interest rate swap, receive euro fixed and pay euro floating
• E) an interest rate swap, pay dollar floating and receive dollar fixed

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Definitions:

Contract for the International Sale of Goods

A set of rules governing the sale of goods between parties based in different countries, aiming to provide a common legal framework.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform set of rules for the international sale of goods.

Writing Requirement

A legal requirement that certain kinds of contracts or agreements must be memorialized in written form to be legally binding.

Confirming Memo

A written document that summarizes the terms of an agreement or transaction between parties after an oral agreement has been made.