Question: The term interest rate swap can be fixed-for-floating rate or floating-for-floating rate. involves counterparties who make a contractual agreement to exchange cash flows at periodic
The term interest rate swap
| can be "fixed-for-floating rate" or "floating-for-floating rate." | ||
| involves "counterparties" who make a contractual agreement to exchange cash flows at periodic intervals. | ||
| all of the options | ||
| refers to a "single-currency interest rate swap" shortened to "interest rate swap." |
An offshore banking center is
| is external to any government, frequently located on old oil drilling platforms located in international waters. | ||
| a country like North Korea. | ||
| none of the options | ||
| a country whose banking system is organized to permit external accounts beyond the normal economic activity of the country. |
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