Examlex
Which name/formula combination is INCORRECT?
Price
The amount of money expected, required, or given in payment for something.
Interest Rate Swap
A financial derivative that involves the exchange of interest rate cash flows between two parties based on a specified principal amount.
Fixed Rate
A constant interest rate for a loan or mortgage that remains unchanged for the entire term of the loan or for a set period.
Variable Rate
An interest rate that changes periodically over the lifetime of the loan based on an underlying benchmark or index.
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