An ___ swap is an agreement between two parties to exchange interest payments for a specific maturity in an agreed upon notional amount.

An ___ swap is an agreement between two parties to exchange interest payments for a specific maturity in an agreed upon notional amount.

An ___ swap is an agreement between two parties to exchange interest payments for a specific maturity in an agreed upon notional amount.



A. interest rate
B. currency
C. bond
D. currency bond


Answer: A. interest rate


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